Evaluations of annual expected flood damage cost
In risk-based and optimal risk-based designs of hydrosystem infrastructures, the thrust of the exercise, after uncertainty and risk analyses are performed, is to evaluate E( Dx) as the function of the probability density functions (PDFs) of loading and resistance, damage function, and the types of uncertainty considered.
Conventional approach. In conventional risk-based design, where only inherent hydrologic uncertainty is considered, the structural size x and its corresponding flow-carrying capacity qc, in general, have a one-to-one monotonically increasing relationship. Consequently, the design variables x alternatively can be expressed in terms of design discharge of the hydrosystem infrastructure...
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