PROBABILISTIC ANALYSIS OF LONG-TERM LOSS INCORPORATING MAXIMUM ENTROPY METHOD AND ANALYTICAL HIGHER-ORDER MOMENTS

Probabilistic analysis of long-term loss incorporating maximum entropy method and analytical higher-order moments

Abstract Quantifying economic losses of civil infrastructures subjected to various hazards under a life-cycle context is of vital importance for risk assessment 03.2150.400 and management.In previous studies, the expected long-term loss has been widely applied as a standard decision criterion during the life-cycle analysis.However, the expectation

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