Better Analysis of Uncertainty Needed for Water Resource Projects
PAD-78-67
Published: Jun 02, 1978. Publicly Released: Jun 02, 1978.
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Highlights
When the Corps of Engineers estimates costs and benefits of proposed water resource projects, it encounters uncertainty. The two basic probability approaches to analyzing uncertainty are the "relative frequency" approach which relies on past events and the "subjective interpretation" approach which depends on whether an event will occur at all.
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Cost analysisFloodsFlood controlProjectionsStatistical methodsWater resources developmentEngineersMilitary forcesWater supplyPopulation growth