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Innovation through Value of Information of the Interpolation Damage Detection Method : An experiment-based value quantification

Costa, Giancarlo ; Limongelli, Maria Pina LU orcid and Thöns, Sebastian LU (2024) IABSE Congress San Jose 2024: Beyond Structural Engineering in a Changing World In IABSE Congress San Jose 2024: Beyond Structural Engineering in a Changing World - Report p.1101-1109
Abstract

Innovation plays a crucial role in shaping technological, industrial, and social progress in modern societies. The quantification of the benefits technologies offer in specific decision-making scenarios can foster their innovation process providing a guide in their development and diffusion. Decision Value Analysis provides metrics to assess the value of technologies for increasing maturity levels. Specifically, the Value of Information can be used to assess and optimize information acquirement and processing technologies. In this study, the Value of Information is applied to guide the development of a technology for damage detection based on experimental data collected from the S101 bridge in Austria. Prior, posterior, and preposterior... (More)

Innovation plays a crucial role in shaping technological, industrial, and social progress in modern societies. The quantification of the benefits technologies offer in specific decision-making scenarios can foster their innovation process providing a guide in their development and diffusion. Decision Value Analysis provides metrics to assess the value of technologies for increasing maturity levels. Specifically, the Value of Information can be used to assess and optimize information acquirement and processing technologies. In this study, the Value of Information is applied to guide the development of a technology for damage detection based on experimental data collected from the S101 bridge in Austria. Prior, posterior, and preposterior utilities from the Bayesian Decision theory are calculated accounting for the integrity management decision scenario, maintenance actions, experimental data, and costs. The utilities are maximized to identify the optimal range of damage detection performance parameters and to provide input for the development of a business model for technology utilization.

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Please use this url to cite or link to this publication:
author
; and
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
decision value analysis, innovation, interpolation damage detection methods, value of information
host publication
IABSE Congress San Jose 2024 : Beyond Structural Engineering in a Changing World - Report - Beyond Structural Engineering in a Changing World - Report
series title
IABSE Congress San Jose 2024: Beyond Structural Engineering in a Changing World - Report
pages
9 pages
publisher
International Association for Bridge and Structural Engineering
conference name
IABSE Congress San Jose 2024: Beyond Structural Engineering in a Changing World
conference location
San Jose, Costa Rica
conference dates
2024-09-25 - 2024-09-27
external identifiers
  • scopus:85210867839
ISBN
9783857482052
language
English
LU publication?
yes
additional info
Publisher Copyright: © 2024 IABSE Congress San Jose 2024: Beyond Structural Engineering in a Changing World - Report. All rights reserved.
id
a1f83069-55d8-4f5d-8e67-b96c37b76a02
date added to LUP
2024-12-12 16:55:30
date last changed
2025-04-04 14:25:29
@inproceedings{a1f83069-55d8-4f5d-8e67-b96c37b76a02,
  abstract     = {{<p>Innovation plays a crucial role in shaping technological, industrial, and social progress in modern societies. The quantification of the benefits technologies offer in specific decision-making scenarios can foster their innovation process providing a guide in their development and diffusion. Decision Value Analysis provides metrics to assess the value of technologies for increasing maturity levels. Specifically, the Value of Information can be used to assess and optimize information acquirement and processing technologies. In this study, the Value of Information is applied to guide the development of a technology for damage detection based on experimental data collected from the S101 bridge in Austria. Prior, posterior, and preposterior utilities from the Bayesian Decision theory are calculated accounting for the integrity management decision scenario, maintenance actions, experimental data, and costs. The utilities are maximized to identify the optimal range of damage detection performance parameters and to provide input for the development of a business model for technology utilization.</p>}},
  author       = {{Costa, Giancarlo and Limongelli, Maria Pina and Thöns, Sebastian}},
  booktitle    = {{IABSE Congress San Jose 2024 : Beyond Structural Engineering in a Changing World - Report}},
  isbn         = {{9783857482052}},
  keywords     = {{decision value analysis; innovation; interpolation damage detection methods; value of information}},
  language     = {{eng}},
  pages        = {{1101--1109}},
  publisher    = {{International Association for Bridge and Structural Engineering}},
  series       = {{IABSE Congress San Jose 2024: Beyond Structural Engineering in a Changing World - Report}},
  title        = {{Innovation through Value of Information of the Interpolation Damage Detection Method : An experiment-based value quantification}},
  year         = {{2024}},
}