Abstract
Following the amendment of Japanese building standard, the concept of performance-based design was introduced. The previous design standard is still employed as the basic one though it may bring the insufficient seismic performance, if buildings are designed just to reduce the initial cost. In this paper, the seismic performance of buildings was determined from the viewpoint of minimizing the life cycle cost, considering the risk transfer by insurance or other financial techniques. A portfolio consisting of 25 buildings in the Kanto district was employed in the analysis. Through the application, the following findings were obtained; combination of risk control and risk finance reduces the life cycle cost significantly, life time has a large effect on the selection of risk management scheme, and the trend of risk aversion has also a effect on the selection of risk transfer techniques.
