Quantifying the benefit of SHM: What if the manager is not the owner?

Denise Bolognani, Andrea Verzobio, Daniel Tonelli, Carlo Cappello, Branko Glisic, Daniele Zonta

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Scopus citations

Abstract

The research community generally recognizes the Value of Information (VoI) as a realistic indicator of the benefit of the information provided by a monitoring system in structures management. Even though many authors have recently focused on the assessment of the VoI, most of their works do not consider the presence of two individuals in the decision process of whether to install a monitoring system, the owner and the manager of the structure. In this contribution, we define a framework to quantifying the VoI of a monitoring system by considering these two separate individuals, who have a different aversion toward risk. Moreover, we apply the results on a real-life case study concerning the Streicker Bridge in Princeton, NJ, in the USA. This framework aims to help the owner in quantifying the money saved by entrusting the evaluation of the state of the structure to the monitoring system, even if the manager's behaviour toward risk is different from the owner's own, and so are his or her management decisions. The results of the case study confirm the difference in the two way to quantify the VoI of a monitoring system.

Original languageEnglish (US)
Title of host publicationStructural Health Monitoring 2017
Subtitle of host publicationReal-Time Material State Awareness and Data-Driven Safety Assurance - Proceedings of the 11th International Workshop on Structural Health Monitoring, IWSHM 2017
PublisherDEStech Publications
Pages1324-1331
Number of pages8
Volume1
ISBN (Electronic)9781605953304
StatePublished - Jan 1 2017
Event11th International Workshop on Structural Health Monitoring 2017: Real-Time Material State Awareness and Data-Driven Safety Assurance, IWSHM 2017 - Stanford, United States
Duration: Sep 12 2017Sep 14 2017

Other

Other11th International Workshop on Structural Health Monitoring 2017: Real-Time Material State Awareness and Data-Driven Safety Assurance, IWSHM 2017
CountryUnited States
CityStanford
Period9/12/179/14/17

All Science Journal Classification (ASJC) codes

  • Health Information Management
  • Computer Science Applications

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  • Cite this

    Bolognani, D., Verzobio, A., Tonelli, D., Cappello, C., Glisic, B., & Zonta, D. (2017). Quantifying the benefit of SHM: What if the manager is not the owner? In Structural Health Monitoring 2017: Real-Time Material State Awareness and Data-Driven Safety Assurance - Proceedings of the 11th International Workshop on Structural Health Monitoring, IWSHM 2017 (Vol. 1, pp. 1324-1331). DEStech Publications.