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On information value and decision analyses

Thöns, Sebastian LU ; Caprani, Colin ; Faber, Michael Havbro ; Frangopol, Dan M. ; Gardoni, Paolo ; Giordano, Pier Francesco ; Honfi, Daniel LU ; Iannacone, Leandro LU ; Khan, Mohammad Shihabuddin and Köhler, Jochen , et al. (2024) In Structural Safety
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... (More)

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.

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organization
publishing date
type
Contribution to journal
publication status
in press
subject
in
Structural Safety
article number
102481
publisher
Elsevier
external identifiers
  • scopus:85194180292
ISSN
0167-4730
DOI
10.1016/j.strusafe.2024.102481
language
English
LU publication?
yes
additional info
Publisher Copyright: © 2024 The Authors
id
b2f8aef1-41e3-4909-9f73-f42d2c5d01ca
date added to LUP
2024-06-27 14:34:07
date last changed
2024-08-12 10:03:42
@article{b2f8aef1-41e3-4909-9f73-f42d2c5d01ca,
  abstract     = {{<p>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.</p>}},
  author       = {{Thöns, Sebastian and Caprani, Colin and Faber, Michael Havbro and Frangopol, Dan M. and Gardoni, Paolo and Giordano, Pier Francesco and Honfi, Daniel and Iannacone, Leandro and Khan, Mohammad Shihabuddin and Köhler, Jochen and Kim, Sunyong and de Koker, Nico and Limongelli, Maria Pina and Miraglia, Simona and Nielsen, Jannie Sønderkær and Pandey, Mahesh and Viljoen, Celeste}},
  issn         = {{0167-4730}},
  language     = {{eng}},
  publisher    = {{Elsevier}},
  series       = {{Structural Safety}},
  title        = {{On information value and decision analyses}},
  url          = {{http://dx.doi.org/10.1016/j.strusafe.2024.102481}},
  doi          = {{10.1016/j.strusafe.2024.102481}},
  year         = {{2024}},
}