Smith (2005) presents a compelling argument encouraging seismologists to move beyond probabilistic seismic hazard analysis and embrace seismic risk analysis. According to Smith (2005) the results of a seismic risk analysis may take several forms (e.g., average annualized loss or exceedance probability curves) whereby all forms can be derived from “probabilistic estimates of losses for specific portfolios of assets.” This paper demonstrates how Australian government agencies already are achieving Smith's proposal by using probabilistic seismic risk analysis (PSRA) to model earthquake risk in Australian cities. The paper provides a brief description of the process for...

First Page Preview

First page PDF preview
You do not currently have access to this article.