Earthquake Damage Repair Loss Estimation in New Zealand: What Other Variables Are Essential Based on Experts’ Opinions?

Abstract

Major earthquakes can cause extensive damage to buildings and alter both the natural and built environments. Accurately estimating the financial impact from these events is complex, and the damage is not always visible to the naked eye. PACT, SLAT, and HAZUS are some of the computer-based tools designed to predict probable damage before an earthquake. However, there are no identifiable models built for post-earthquake use. This paper focuses on verifying the significance and usage of variables that specifically need to be considered for the post-earthquake cost estimation of earthquake damage repair work (CEEDRW). The research was conducted using a questionnaire survey involving 92 participants who have experience in cost estimating earthquake damage repair work in New Zealand. The Weighted Average, Relative Importance Index (RII), and Exploratory Factor Analysis were used to analyse the data. The research verified that eleven major variables that are significant to the CEEDRW and should be incorporated to cost estimation models. Verified variables can be used to develop a post-earthquake repair cost estimation tool and can be used to improve the pre-earthquake loss prediction tools.