Estimated Economic Value of an Investment Program to Mitigate Impacts of a Major Seismic Event Using the Oregon Statewide Integrated Model

The Oregon Statewide Integrated Model was used to evaluate the potential for avoided economic impacts as a result of a major seismic event off the coast of Oregon. The analysis used three primary scenarios: reference scenario, major seismic event with seismically reinforced bridges and landslide mitigation, and a major seismic event without any seismic mitigation investment. The difference in economic production between the modeled scenarios was used to estimate the potential for avoiding economic losses by investing preemptively in seismic reinforcements on key corridors across the state. Results indicate avoided losses in state production activity are far greater than the cost of a large seismic retrofitting investment program, clearly demonstrating such a program represents a good investment choice for the State of Oregon.

• 
• Supplemental Notes:
  • This paper was sponsored by TRB committee ADA10(2) Statewide Travel Demand Forecasting. Alternate title: Estimated Economic Value of an Investment Program to Mitigate Impacts of a Major Seismic Event Using Oregon Statewide Integrated Model
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Knudson, Becky
  • Bettinardi, Alex
• Conference:
  • Transportation Research Board 93rd Annual Meeting
  • Location: Washington DC
  • Date: 2014-1-12 to 2014-1-16
• Date: 2014

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; Maps; References; Tables;
• Pagination: 20p
• Monograph Title: TRB 93rd Annual Meeting Compendium of Papers

Subject/Index Terms

• TRT Terms: Disaster preparedness; Earthquake resistant design; Economic impacts; Investments; Material reinforcement; Productivity
• Geographic Terms: Oregon
• Subject Areas: Highways; Planning and Forecasting; Security and Emergencies; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01519981
• Record Type: Publication
• Report/Paper Numbers: 14-3017
• Files: PRP, TRIS, TRB, ATRI
• Created Date: Mar 26 2014 10:13AM