2023
DOI: 10.1016/j.ress.2022.108845
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The modeling of risk perception in the use of structural health monitoring information for optimal maintenance decisions

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Cited by 20 publications
(6 citation statements)
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“…The study by Valkonen and Glisic [145] creates a risk appetite assessment tool based on a domain-specific risk-taking scale to assess differences in stakeholders' attitudes toward risk, since such differences may make the negative value of the SHM system [146]. Based on the description and quantification of human preferences in the above studies, Chadha et al [147] proposed a methodology to accommodate and mitigate the risk associated with various factors. This involves considering the risk profile of the decision maker's behavior, combined with the decision maker's acceptable risk intensity.…”
Section: The Design Of Decision-making Support Frameworkmentioning
confidence: 99%
“…The study by Valkonen and Glisic [145] creates a risk appetite assessment tool based on a domain-specific risk-taking scale to assess differences in stakeholders' attitudes toward risk, since such differences may make the negative value of the SHM system [146]. Based on the description and quantification of human preferences in the above studies, Chadha et al [147] proposed a methodology to accommodate and mitigate the risk associated with various factors. This involves considering the risk profile of the decision maker's behavior, combined with the decision maker's acceptable risk intensity.…”
Section: The Design Of Decision-making Support Frameworkmentioning
confidence: 99%
“…Selecting the appropriate form for the utility function can be interpreted as a reflection of the decision-maker's risk profile, as discussed in Chadha et al [28]. For the purposes of this work, a risk-neutral approach is followed which translates to a linear utility function.…”
Section: Principles Of Bayesian Decision Theorymentioning
confidence: 99%
“…It should be noted that decision-theoretic concepts are being used by the SHM community. Primarily it has been employed for SHM-aided maintenance planning either in the form of posterior decision analysis [27,28], or in a pre-posterior analysis context where quantities such as the value of information (VoI) or value of SHM (VoSHM) are used to justify investment in an SHM system [29] or for optimal sensor placement (OSP) [30]. Additionally, Hughes et al [31,32] have employed decisiontheoretic principles to propose risk-based active learning, an online strategy where data labels in classification tasks are queried according to the decision support context in which these classifiers are employed.…”
Section: Introductionmentioning
confidence: 99%
“…SHM can be regarded as a collection of methodologies [ 1 ], sensors [ 2 , 3 , 4 ], and algorithms [ 5 , 6 , 7 , 8 ] that aim to automatically and continuously assess the structural integrity of high-value structures and systems [ 9 , 10 ]. The objective is to lessen and ultimately avoid costly and frequent maintenance inspections on safety-critical assets such as bridges, aircrafts, and vessels, effectively reducing their life cycle cost, increasing their operational lifespan, and improving their overall safety [ 11 , 12 ].…”
Section: Introductionmentioning
confidence: 99%