Site Analysis is the evaluation of the risks to a single property
location. K2GO performs Single-Site Analysis for any Property
Karma2go, LLC (K2GO) uses advanced probabilistic, engineering and
scientific methods to realistically evaluate performance of properties
subjected to catastrophic natural hazards and other prescribed hazards.
The procedure comprises the following four steps:
- Probabilistic definition of triggering events often described
as hazard analysis. Triggering events could be earthquakes,
hurricanes, floods etc.
- Probabilistic assessment of damage- consequence. Here,
simulations are used to quantify physical damage, nonstructural
damage, and failure. The three-dimensional fully nonlinear
mathematical models of properties are analyzed in the time-domain
to the hazards defined in the previous step.
- Probabilistic coupling of the hazard and damage to quantify
estimated losses, including Probable Maximum Losses (PML).
These losses include structural damage, nonstructural damage,
business interruption, and other losses, and include uncertainties
in the hazard, modeling, damage evaluation, etc.
- Mitigation, Optimization and Decision Analysis