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Document type:
Zeitschriftenaufsatz 
Author(s):
Straub, D. 
Title:
Value of Information Analysis with Structural Reliability Methods 
Abstract:
When designing monitoring systems and planning inspections, engineers must assess the benefits of the additional information that can be obtained and weigh them against the cost of these measures. The Value of Information (VoI) concept of the Bayesian statistical decision analysis provides a formal framework to quantify these benefits. This paper presents the determination of the VoI when information is collected to increase the reliability of engineering systems. It is demonstrated how structur...    »
 
Keywords:
Inspection; structural health monitoring; reliability; Bayesian analysis; updating; decision analysis; value of information 
Dewey Decimal Classification:
620 Ingenieurwissenschaften 
Journal title:
Journal of Structural Safety 
Year:
2014 
Journal issue:
49 
Pages contribution:
75-86 
Reviewed:
ja 
Language:
en 
Publisher:
Elsevier