Value of information: impact of monitoring on decision-making

Structural health monitoring (SHM) is a process aimed at providing accurate and in-time information concerning structural health condition and performance, which can serve as an objective basis for decision-making regarding operation, maintenance, and repair. However, at the current state of practice, SHM is less used on real structures, and one reason for this is the lack of understanding of the Value of Information obtained from SHM....