The COST Action TU1402 has been active from 2014 to 2019 and a joint effort of 29 European Countries, China, the USA and Australia with participants from academia, industry and infrastructure owners, operator and authorities. The main objective of the Action has been to facilitate sustainable societal developments through improvements of resource efficiency, productivity, robustness, reliability and safety in the design and assets management for structures and infrastructure systems by optimized Structural Health Monitoring (SHM) systems. The evidence and impact of a targeted and optimal utilization of SHM – provided by the quantification of its value – constitutes a significant (a) risk reduction by robustness, reliability and safety enhancement (societal value) and (b) expected operational expenditure reduction (industrial value) for the infrastructure system design, operation and asset management of up to 90%. This high value of SHM is subjected to the relevance and optimization (before implementation) of SHM strategies as part of an infrastructure system design, operation and management decision scenario.
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