Water resource projects evaluation and ranking under economic uncertainty

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

*Corresponding author for this work

Research output: Contribution to journalArticle

10 Scopus citations

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.

Original languageEnglish
Pages (from-to)311-333
Number of pages23
JournalWater Resources Management
Volume7
Issue number4
DOIs
StatePublished - 1 Dec 1993

Keywords

  • benefit-cost analysis
  • probability
  • stochastic dominance
  • Uncertainty

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