Establishing consistent criteria for assessing the performance of structural systems and infrastructure networks is a critical component of communities’ efforts to optimize investment decisions for the upkeep and renewal of the built environment. Although member-level performance and reliability assessment procedures are currently well-established, it is widely recognized that a member-oriented approach does not necessarily lead to an efficient utilization of limited resources when making decisions related to the management of existing deteriorating structures or lifeline systems, especially those that may be exposed to extreme events. For this reason, researchers have renewed their interests in developing system-level assessment methods as...