Economic analysis of a shopping center in seismic zone

Life cycle cost (LCC) is an important factor in economic analysis in order to cover all expected costs and benefits for an economic life. If a decision has to be made for investment purposes then damage cost incurred due to an earthquake should also be taken into account. Therefore, the total LCC of a structure in a seismic zone should be evaluated in terms of, not only its initial cost, expenditure and income but also earthquake damage cost. This paper provides an LCC analysis for economic evaluation of a shopping center located in a seismic zone. The effects of monthly income, recovery periods, initial cost, discount rate and occurrence time of an earthquake on total LCC are observed throughout the analysis period.