New Findings from University of Virginia in the Area of Earth Science Described (Development of a Risk Framework for Forecasting Earthquake Losses in... - Insurance News | InsuranceNewsNet

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December 22, 2016 Newswires
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New Findings from University of Virginia in the Area of Earth Science Described (Development of a Risk Framework for Forecasting Earthquake Losses in…

Science Letter

New Findings from University of Virginia in the Area of Earth Science Described (Development of a Risk Framework for Forecasting Earthquake Losses in Port Systems)

By a News Reporter-Staff News Editor at Science Letter -- Investigators publish new report on Science - Earth Science. According to news reporting from Charlottesville, Virginia, by NewsRx journalists, research stated, "Ports play a critical role in transportation infrastructure but are vulnerable to seismic hazards. Downtime and reduced throughput from seismic damage in ports results in significant business interruption losses for port stakeholders."

The news correspondents obtained a quote from the research from the University of Virginia, "Managing risks from systemwide disruptions resulting from earthquake damage has been studied as a central element of a project sponsored by the National Science Foundation Network for Earthquake Engineering Simulation (NEES) program. Presented are the concepts and methods developed for the seismic risk management of a portwide system of berths. The framework used to calculate port losses is discussed, particularly the use of spatially correlated ground motion intensity measures that estimate damage to pile-supported wharves and container cranes, the repair costs and downtimes subsequently determined via repair models for both types of structures, and the impact on cargo handling operations calculated via logistical models of the port system."

According to the news reporters, the research concluded: "Expressed in the form of loss exceedance curves, are calculated."

For more information on this research see: Development of a Risk Framework for Forecasting Earthquake Losses in Port Systems. Earthquake Spectra, 2016;32(1):267-284. Earthquake Spectra can be contacted at: Earthquake Engineering Research Inst, 499 14TH St, Ste 320, Oakland, CA 94612-1934, USA (see also Science - Earth Science).

Our news journalists report that additional information may be obtained by contacting L.I. Burden, University of Virginia, Charlottesville, VA 22904, United States. Additional authors for this research include G. Rix and S. Werner.

Keywords for this news article include: Charlottesville, Virginia, United States, North and Central America, Earth Science, Science, University of Virginia.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC

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