Constructing an anticipation formula for fire loss in factory-type

Abstract

The before fire assessment data from the ARC fire risk assessment system and the financial loss from post-fire damage report for factory-type buildings located in Taiwan were collected. The correlation between assessment data and degree of fire loss (DFL) was calculated by three regression analyses -linear, power, and exponential equations -to produce an anticipation formula. The results revealed that there is more a believable prediction when the fire loss is bigger, regardless of the amount of fire loss or the DFL, while the latter is more related to the assessment grade. By providing proprietors and insurance companies detailed fire risk analysis showing predictable financial loss, it is advantageous for budget management and fire protection, enforcement and should result in the reduction of fire risk and subsequent damage to factory-type buildings.

Fire Risk Analysis and Optimization of Fire Prevention Management for Green Building Design and High Rise Buildings: Hong Kong Experience

“…It should be noted that it is confident in the above data analysis as the similar outcomes of fire risk data for the above analysis are also supported by similar studies carried out in Taiwan (Chi et al, 2012) and the mainland China (Xin et al, 2013).…”