Journal
SUSTAINABILITY
Volume 12, Issue 12, Pages -Publisher
MDPI
DOI: 10.3390/su12124994
Keywords
natural disaster; risk management; accommodations; operations and maintenance; lifecycle cost; disaster management
Funding
- Basic Science Research Program through the National Research Foundation of Korea (NRF) - Ministry of Education [NRF-2019R1F1A1058800]
Ask authors/readers for more resources
To optimally maintain buildings and other built infrastructure, the costs of managing them during their entire existence-that is, lifecycle costs-must be taken into account. However, due to technological improvements, developers now build more high-rise and high-performance buildings, meaning that new approaches to estimating lifecycle costs are needed. Meanwhile, an accelerating process of industrialization around the world means that global warming is also accelerating, and the damage caused by natural disasters due to climate change is increasing. However, the costs of losses related to such hazards are rarely incorporated into lifecycle-cost estimation techniques. Accordingly, this study explored the relationship between, on the one hand, some known parameters of natural disasters, such as earthquakes, high winds, and/or flooding, and on the other hand, the data on exceptional maintenance costs, represented by gross loss costs, generated by a large international hotel chain from 2007 to 2017. The regression model used revealed a correlation between heavy rain and insurance-claim payouts. This and other results can usefully inform safety and design guidelines for policymakers, both in disaster management and real estate, as well as in insurance companies
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available