Water resource projects evaluation and ranking under economic uncertainty

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

doi:10.1007/BF00872287

Water resource projects evaluation and ranking under economic uncertainty

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

^*Corresponding author for this work

Disaster Prevention and Water Environment Research Center

Research output: Contribution to journal › Article › peer-review

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 language	English
Pages (from-to)	311-333
Number of pages	23
Journal	Water Resources Management
Volume	7
Issue number	4
DOIs	https://doi.org/10.1007/BF00872287
State	Published - 1 Dec 1993

Keywords

benefit-cost analysis
probability
stochastic dominance
Uncertainty

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