Probabilistic resilience-guided infrastructure risk management

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The increased frequency and magnitude of natural and anthropogenic hazard events that affected infrastructure systems over the past two decades have highlighted the need for more effective risk management strategies. Such strategies are expected to not only manage the immediate disruption to system’s functionality following hazard realization, but to also mitigate the latter’s extended-term consequences (e.g., recovery cost and restoration time), which would otherwise be disastrous. To yield realistic managerial insights, such resilience-guided risk management necessitates accounting for the different sources of uncertainties associated with both the hazard quantification and the response of the infrastructure being considered. Through considering such uncertainties, the probabilistic resilience quantification framework developed in this study is expected to provide valuable managerial insights to guide …