|Projects : CUREE-Kajima Joint Research Program
Now in our second decade of Kajima-funded projects, the CUREE-Kajima Research Program is a joint venture with the Kajima Corporation of Japan involving collaborative studies among researchers in the US and Japan. The topies researched have spanned many areas, but the theme of inter-university collaboration, and in this case international collaboration, remains the same.
CUREE-Kajima Phase IV
Phase IV of the CUREE-Kajima Joint Research Program extends from spring of 2000 through spring of 2002. The total amount of funding is approximately $500,000. Based on the submittal and evaluation of proposals from CUREE members in early 2000, two projects were selected for funding:
IMPACT OF SEISMIC RISK ON LIFETIME PROPERTY VALUES
Professor James Beck
California Institute of Technology
This project focuses on the effect that earthquake risk has on the value of real estate investments. A methodology is being developed to establish a risk-return profile for an investment property, considering the uncertain net income stream and uncertain earthquake losses during the lifetime of the investment. The risk-return information for a property will be expressed as cumulative probability distributions on present value of net income, return on investment (ROI), or return on equity (ROE).
The bulk of the effort will develop a methodology to estimate the probability distribution of earthquake losses for particular properties. Data from the distribution can be used in standard real estate investment practice, appearing in the financial analysis as an operating expense. The expense can be expressed either as a point value (the expected value of earthquake losses during the holding period), or during a sensitivity study using three values: low, median, and high estimates of earthquake losses during the holding period. This approach to using earthquake loss data is the most readily understood by real estate investors and easily incorporated into current practice. An alternative decision-making approach is also being developed using decision theory (also known as decision analysis) to account for uncertain market return, uncertain earthquake losses, and the decision-makers risk attitude.
Published Report -
CKIV-03: Impact of Seismic Risk on Lifetime Property Values
ASSESSMENT OF THE SEISMIC PEFORMANCE OF REINFORCED CONCRETE STRUCTURES WITH FLAT PLATE FLOOR SYSTEMS
Professor John Wallace
University of California, Los Angeles
Shaking table experimentation of post-tensioned concrete flat plate structure (second specimen) - including the third earthquake motion and the final earthquake motion. Testing videos of reinforced concrete flat plate structure are available at www.seas.ucla.edu/ or peer.berkeley.edu
Published Report -
CKIV-02: Seismic Performance Assessment of Flat Plate Floor Systems