Quantifying the benefit of SHM: can the VoI be negative?

Andrea Verzobio, Denise Bolognani, Daniele Zonta, John Quigley

Research output: Chapter in Book/Report/Conference proceedingConference contribution book

5 Downloads (Pure)

Abstract

Structural Health Monitoring (SHM) is generally presented as a powerful tool that allows bridge managers to make decisions on maintenance, reconstruction and repair of their assets. The benefit of SHM can be properly quantified using the concept of Value of Information (VoI), i.e. the difference between the utilities of operating the structure with and without the monitoring system. In calculating the VoI, two understood assumptions are that all decisions concerning system installation and operation are taken by the same rational agent and that "information never hurts", i.e. VoI is guaranteed to be non-negative. However, in the real world, the individual who decides on buying a monitoring system, the owner, is often not the same individual, the manager, who will use it once the system has been installed, and they may be-have differently because of their different risk aversion. We develop a formulation to properly evaluate the VoI from the owner perspective, when the manager is a different individual. We demonstrate that in a decision-making process where the two individuals involved share exactly the same information, but behave differently, the VoI can be negative and that we can always find a combination of prior probabilities and utility functions which ultimately yields a negative conditional VoI. Indeed, even if the two agents have an agreement a priori, due to their different behaviors, their optimal actions can diverge after the installation of the monitoring system. We apply this formulation on a real-life case study concerning the Streicker Bridge (NJ, USA).

Original languageEnglish
Title of host publication13th Sensors and Smart Structures Technologies for Civil, Mechanical, and Aerospace Systems 2019
EditorsJerome P. Lynch, Haiying Huang, Hoon Sohn, Kon-Well Wang
Place of PublicationBellingham, WA, USA
Number of pages8
Volume10970
ISBN (Electronic)9781510625952
DOIs
Publication statusPublished - 27 Mar 2019
EventSensors and Smart Structures Technologies for Civil, Mechanical, and Aerospace Systems 2019 - Denver, United States
Duration: 4 Mar 20197 Mar 2019

Conference

ConferenceSensors and Smart Structures Technologies for Civil, Mechanical, and Aerospace Systems 2019
CountryUnited States
CityDenver
Period4/03/197/03/19

Keywords

  • decision making
  • Structural Health Monitoring
  • Value of Information
  • SHM
  • monitoring systems

Fingerprint Dive into the research topics of 'Quantifying the benefit of SHM: can the VoI be negative?'. Together they form a unique fingerprint.

Cite this