Economic impediments to successful seismic retrofitting decisions

Show simple item record Egbelakin, T en Wilkinson, Suzanne en Ingham, Jason en 2016-07-01T06:48:29Z en 2014 en
dc.identifier.citation Structural Survey, 2014, 32 (5), pp. 449 - 466 en
dc.identifier.issn 0263-080X en
dc.identifier.uri en
dc.description.abstract Purpose – The purpose of this paper is to examine why building owners are often reluctant to adopt adequate mitigation measures despite the vulnerability of their buildings to earthquake disasters, by exploring the economic-related barriers to earthquake mitigation decisions. Design/methodology/approach – A case study research method was adopted and interviews chosen as the method of data collection. Findings – Critical economic-related impediments that inhibited seismic retrofitting of earthquake-prone buildings were revealed in this study. Economic-related barriers identified include perception about financial involvement in retrofitting, property market conditions, high insurance premiums and deductibles, and the high cost of retrofitting. The availability of financial incentives such as low interest loans, tax deductibles, the implementation of a risk-based insurance premium scale and promoting increased knowledge and awareness of seismic risks and mitigation measures in the property market place are likely to address the economic-related challenges faced by property owners when undertaking seismic retrofitting projects. The provision of financial incentives specifically for seismic retrofitting should be introduced in policy-implementation programme tailored to local governments’ level of risks exposure and available resources. Practical implications – The recommendations provided in this study suggest strategies and answers to questions aimed at understanding the types of incentives that city councils and environmental hazard managers should focus on in their attempt to ensure that property owners actively participate in earthquake risk mitigation. Originality/value – This paper adopts a holistic perspective for investigating earthquake risk mitigation by examining the opinions of the different stakeholders involved in seismic retrofit decisions. en
dc.description.uri en
dc.publisher Emerald Group Publishing Limited en
dc.relation.ispartofseries Structural Survey en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. Details obtained from en
dc.rights.uri en
dc.title Economic impediments to successful seismic retrofitting decisions en
dc.type Journal Article en
dc.identifier.doi 10.1108/SS-01-2014-0002 en
pubs.issue 5 en
pubs.begin-page 449 en
pubs.volume 32 en
dc.rights.holder Copyright: Emerald Group Publishing Limited en en
pubs.end-page 466 en
pubs.publication-status Published en
dc.rights.accessrights en
pubs.subtype Article en
pubs.elements-id 471371 en Engineering en Civil and Environmental Eng en
pubs.record-created-at-source-date 2015-01-29 en

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