Risk-based Analysis of Major Rehabilitation of Hydraulic Structures Using REPAIRby David Moser,
Abstract: This poster session presents a demonstration of a computer model developed by the Corps of Engineers to analyze investment proposals. The primary purpose of the model is evaluate investments that enhance the reliability, thereby reducing repairs and outages, and to extend the life of Corps managed Federal water resources investments The model uses basic information on economic costs and engineering reliability to estimate the life cycle cost of a project feature by Monte Carlo simulation. The reduction in these costs provide one of the justifications for major rehabilitation decisions.
Subject Headings: Rehabilitation | Risk management | Hydraulic structures | Structural analysis | Computer models | Investments | Construction costs | Water resources | Simulation models | Computer analysis | Power outage | Europe | Monaco | Monte Carlo
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