ABSTRACT
Over the last decade lifecycle cost (LCC) analysis of buildings exposed to seismic risk has become a critical issue in structural engineering. Expected losses, including initial and post-earthquake repair costs, are key parameters in structural design. Herein, a simplified method based on a semi-probabilistic approach is implemented into a BIM model to evaluate the economic performance, and economic losses, of a building exposed to seismic risk. The proposed methodology also aims to assess the most cost-effective strengthening strategies and strengthening levels for existing structures during their structural lifetime.
