Earthquake Risk Management Strategy Plan Using Nonparametric Estimation of Hazard Rate

Abstract

Earthquake risk is defined as the product of hazard and vulnerability studies. The main aims of earthquake risk management are to make plans and apply those for reducing human losses and protect properties from earthquake hazards. Natural risk managers are studying to identify and manage the risk from an earthquake for highly populated urban areas. They want to put some strategic plans for this purpose. Risk managers need some input about these kinds of studies. The prediction of earthquake events such as a input for preparation of earthquake risk management strategy plans were tried to find in this study. A Bayesian approach to earthquake hazard rate estimation is studied and magnitudes of historical earthquakes is used to predict the probability of occurrence of major earthquakes.