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Water resource projects evaluation and ranking under economic uncertainty (1993)

Tung, Yeou-Koung ; Wang, Pei-Yu ; Yang, Jinn-Chuang

Springer

Water resources management 7 (1993), S. 311-333

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ISSN: 1573-1650

Keywords: Uncertainty ; probability ; benefit-cost analysis ; stochastic dominance

Source: Springer Online Journal Archives 1860-2000

Topics: Architecture, Civil Engineering, Surveying , Geography

Notes: Abstract The uncertainties of economic factors in the evaluation of a water resource project are receiving more and more attention from researchers and policymakers. This paper proposes a probabilistic procedure based on the concept of stochastic dominance to evaluate the economic merit of water resources projects whose project benefits and costs are subject to uncertainty. An example using the Cache la Poudre River Basin development in Colorado illustrates the procedure.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1007/BF00872287

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