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Value of Information for the Innovation of Vibration-Based Monitoring Systems for Multiple Applications

Costa, Giancarlo ; Limongelli, Maria Pina LU orcid and Thöns, Sebastian LU (2025) 11th International Conference on Experimental Vibration Analysis for Civil Engineering Structures, EVACES 2025 In Lecture Notes in Civil Engineering 674 LNCE. p.230-240
Abstract

The Value of Information from Bayesian decision theory can be used to drive decisions within the development of new technologies aiding research screening, technology characteristics, and employment optimization. The selection of a specific application of technology leads to the definition of the decision scenario within the Value of Information framework. Technological performance characteristics are therefore optimized towards the specific implementation minimizing development cost and enhancing technological efficiency. This paper presents the application of a multi-scenario decision value quantification for the development of a new vibration-based monitoring technology. Two emergency management decision scenarios, corresponding to... (More)

The Value of Information from Bayesian decision theory can be used to drive decisions within the development of new technologies aiding research screening, technology characteristics, and employment optimization. The selection of a specific application of technology leads to the definition of the decision scenario within the Value of Information framework. Technological performance characteristics are therefore optimized towards the specific implementation minimizing development cost and enhancing technological efficiency. This paper presents the application of a multi-scenario decision value quantification for the development of a new vibration-based monitoring technology. Two emergency management decision scenarios, corresponding to the scour and seismic hazards, are selected to optimize technology charcteristics. Four new metrics based on the Value of Information are provided to support the VBM technology market diffusion.

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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
Innovation, Integrity management, Structural health monitoring, Value of information, Vibration-based monitoring
host publication
Experimental Vibration Analysis for Civil Engineering Structures, EVACES 2025 - Volume 1
series title
Lecture Notes in Civil Engineering
editor
Cunha, Álvaro and Caetano, Elsa
volume
674 LNCE
pages
11 pages
publisher
Springer Science and Business Media B.V.
conference name
11th International Conference on Experimental Vibration Analysis for Civil Engineering Structures, EVACES 2025
conference location
Porto, Portugal
conference dates
2025-07-02 - 2025-07-04
external identifiers
  • scopus:105018127134
ISSN
2366-2557
2366-2565
ISBN
9783031961090
DOI
10.1007/978-3-031-96110-6_21
language
English
LU publication?
yes
additional info
Publisher Copyright: © The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.
id
32d61228-af2e-47b4-9715-91ff3f66bd02
date added to LUP
2025-10-17 11:04:51
date last changed
2025-10-22 16:21:58
@inproceedings{32d61228-af2e-47b4-9715-91ff3f66bd02,
  abstract     = {{<p>The Value of Information from Bayesian decision theory can be used to drive decisions within the development of new technologies aiding research screening, technology characteristics, and employment optimization. The selection of a specific application of technology leads to the definition of the decision scenario within the Value of Information framework. Technological performance characteristics are therefore optimized towards the specific implementation minimizing development cost and enhancing technological efficiency. This paper presents the application of a multi-scenario decision value quantification for the development of a new vibration-based monitoring technology. Two emergency management decision scenarios, corresponding to the scour and seismic hazards, are selected to optimize technology charcteristics. Four new metrics based on the Value of Information are provided to support the VBM technology market diffusion.</p>}},
  author       = {{Costa, Giancarlo and Limongelli, Maria Pina and Thöns, Sebastian}},
  booktitle    = {{Experimental Vibration Analysis for Civil Engineering Structures, EVACES 2025 - Volume 1}},
  editor       = {{Cunha, Álvaro and Caetano, Elsa}},
  isbn         = {{9783031961090}},
  issn         = {{2366-2557}},
  keywords     = {{Innovation; Integrity management; Structural health monitoring; Value of information; Vibration-based monitoring}},
  language     = {{eng}},
  pages        = {{230--240}},
  publisher    = {{Springer Science and Business Media B.V.}},
  series       = {{Lecture Notes in Civil Engineering}},
  title        = {{Value of Information for the Innovation of Vibration-Based Monitoring Systems for Multiple Applications}},
  url          = {{http://dx.doi.org/10.1007/978-3-031-96110-6_21}},
  doi          = {{10.1007/978-3-031-96110-6_21}},
  volume       = {{674 LNCE}},
  year         = {{2025}},
}