Water Resources Management

, Volume 7, Issue 4, pp 311–333

Water resource projects evaluation and ranking under economic uncertainty

  • Yeou-Koung Tung
  • Pei-Yu Wang
  • Jinn-Chuang Yang
Article

DOI: 10.1007/BF00872287

Cite this article as:
Tung, Y., Wang, P. & Yang, J. Water Resour Manage (1993) 7: 311. doi:10.1007/BF00872287

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.

Key words

Uncertaintyprobabilitybenefit-cost analysisstochastic dominance

Copyright information

© Kluwer Academic Publishers 1993

Authors and Affiliations

  • Yeou-Koung Tung
    • 1
  • Pei-Yu Wang
    • 1
  • Jinn-Chuang Yang
    • 2
  1. 1.Wyoming Water Resources Center and Statistics DepartmentUniversity of WyomingLaramieUSA
  2. 2.Department of Civil EngineeringNational Chiao-tung UniversityHsinchuTaiwan, Republic of China