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On information value and decision analyses

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Title: On information value and decision analyses
Authors: Thöns, Sebastian, Caprani, Colin, Faber, Michael Havbro, Frangopol, Dan M., Gardoni, Paolo, Giordano, Pier Francesco, Honfi, Daniel, Iannacone, Leandro, Khan, Mohammad Shihabuddin, Köhler, Jochen, Kim, Sunyong, de Koker, Nico, Limongelli, Maria Pina, Miraglia, Simona, Nielsen, Jannie Sønderkær, Pandey, Mahesh, Viljoen, Celeste
Contributors: Lund University, Faculty of Engineering, LTH, LTH Profile areas, LTH Profile Area: Water, Lunds universitet, Lunds Tekniska Högskola, LTH profilområden, LTH profilområde: Vatten, Originator, Lund University, Faculty of Engineering, LTH, Departments at LTH, Department of Building and Environmental Technology, Division of Structural Engineering, Lunds universitet, Lunds Tekniska Högskola, Institutioner vid LTH, Institutionen för bygg- och miljöteknologi, Avdelningen för Konstruktionsteknik, Originator
Source: Structural Safety. 113
Subject Terms: Engineering and Technology, Civil Engineering, Building Technologies, Teknik, Samhällsbyggnadsteknik, Husbyggnad, Mechanical Engineering, Reliability and Maintenance, Maskinteknik, Tillförlitlighets- och kvalitetsteknik
Description: This paper addresses value of information, structural health information, and decision analyses in built environment engineering. Decision analyses are used for the joint optimization of information collection and the identification of physical measures for the management and enhancement of the expected utility of built environment systems. To these ends, this paper contains (1) principal descriptions of decision scenarios and the model basis in conjunction with the objective functions, embedded in (a) a summary of the historical background and (b) the origins of the methods of decision and value of information analyses, (2) an overview of methods for decision analyses highlighting solution strategies to handle comprehensiveness and computational challenges, (3) principal application areas and case studies, and (4) insights into recent advances. The main insights and an outreach to potential future research perspectives are summarised at the end of this paper.
Access URL: https://doi.org/10.1016/j.strusafe.2024.102481
Database: SwePub
Description
Abstract:This paper addresses value of information, structural health information, and decision analyses in built environment engineering. Decision analyses are used for the joint optimization of information collection and the identification of physical measures for the management and enhancement of the expected utility of built environment systems. To these ends, this paper contains (1) principal descriptions of decision scenarios and the model basis in conjunction with the objective functions, embedded in (a) a summary of the historical background and (b) the origins of the methods of decision and value of information analyses, (2) an overview of methods for decision analyses highlighting solution strategies to handle comprehensiveness and computational challenges, (3) principal application areas and case studies, and (4) insights into recent advances. The main insights and an outreach to potential future research perspectives are summarised at the end of this paper.
ISSN:01674730
DOI:10.1016/j.strusafe.2024.102481