Patent ID: 8050951
Filing Date: 2011-11-01
Classification: G06Q

Abstract:
1. A computer-implemented method for obtaining a seismic risk analysis, the method comprising an act of: causing a computer processor to execute instructions specifically encoded on a memory, such that upon execution, the computer processor performs operations of: a. receiving, by the computer processor, as input a planning period t b. calculating, by the computer processor, a risk analysis parameter based upon the planning period t c. calculating, by the computer processor, an expected annualized loss (EAL) according to the following:  wherein PFL represents a probable frequent loss, an average loss conditioned on a seismic intensity associated with the economic-basis earthquake, and H represents an economic hazard coefficient; and d. determining, by the computer processor, the EAL in order to provide an expected annualized value of repair cost to the particular facility in a particular location; wherein in the act of calculating a risk analysis parameter, the risk analysis parameter is hazard coefficient H, and the act of calculating hazard coefficient H further comprising acts of: a. calculating G b. identifying grid points closest to ô for location ô=({circumflex over (φ)}, {circumflex over (λ)}), where {circumflex over (φ)} denotes a latitude designation and {circumflex over (λ)} denotes a longitude designation, the grid points closest to ô being referred to as the bounding grid points o c. considering the period of interest {circumflex over (T)}, determining a period of at least one hazard curve, referred to as a bounding period T d. letting s e. letting G f. letting G g. letting G h. calculating risk analysis parameter H (i.e., hazard coefficient) according to the following: whereby through H, a user may calculate an expected annualized loss (EAL) according to the following: wherein PFL represents a probable frequent loss, mean loss conditioned on an occurrence of s EBE .