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The most important and ranked elements when it comes up to a potential loss from environmental, economical, and social events. Those elements are stated as follows: hazard, risk assessment, vulnerability and resilience. The hazard profile includes the frequency of the hazard event occurring. The risk assessment is the estimating Hazard Losses. The vulnerability is related to harm in physical entities. The concept of resilience falls up into the capacity of a given system to absorb changes. The inter-connectivity between these three concepts provides an actual framework that measures the risks assessment level of hazards on vulnerable structures, based on maintaining its main characteristics. The purpose of this paper is to discuss the risk, vulnerability, and resilience; to implement an adequate scheme for upcoming construction projects, and anticipate future disasters. Read more...
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