Citation

Nishijima, Faber M. Aust. J. Struct. Eng. 2009; 9(1): 9-16.

Copyright

(Copyright © 2009, Engineers Australia, Publisher Informa - Taylor and Francis Group)

DOI

unavailable

PMID

unavailable

Abstract

The present paper proposes a methodology for assessing the effect of different design and maintenance policies for infrastructure on societal economic growth. The approach adopted takes its basis from general economic theories and economic models, and provides an interface between economics and civil engineering with which engineering knowledge can be reflected in the economic models. The proposed methodology can be utilised by societal decision makers to identify optimal investments into infrastructure for ensuring sustainable societal development. An illustrative example is provided considering sustainable decision making in regard to design and maintenance of infrastructure subject to natural hazards. The advantage of the proposed methodology is thereby shown; it enables the analysis of economic growth and associated uncertainties corresponding to different design and maintenance policies for infrastructure.