Abstract
For the managers of the integrated water service, the program of interventions (PdI) is particularly important for the financial success of the management project. Through the PdI, the integrated water service manager identifies existing critical issues and tries to overcome them through investments in infrastructure development and improvement of the quality of the service provided. The solutions adopted fall under the tariff construction mechanism, conditioning the economic formula that determines the tariff increase coefficient. Therefore, the ex-ante evaluation of the risks associated with maintenance, and new construction work is of enormous importance. The objectives of the study were twofold: to apply for the first time a model inspired by the recent bibliography on risk assessment in the civil projects sector to the integrated water service sector, which supports the manager in the risk analysis of the projects that might result during the intervention program; to make infrastructure management more efficient, reducing maintenance costs and increasing profits. This model integrates the ALARP technique, mainly used in high-risk sectors to estimate the loss of human life, with the traditional risk analysis of investment projects. It allows the integrated water service manager to identify two operational, tolerability, and investment acceptability thresholds, useful to define areas of action characterized by greater technical–economic feasibility.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Benintendi, R., De Mare, G.: Upgrade the ALARP model as a holistic approach to project risk and decision management. Hydrocarb. Process. 9, 75–82 (2017)
De Mare, G., Di Piazza, F.: The role of public-private partnerships in school building projects: critical elements in the Italian model for implementing project financing. LNCS 9156, 624–634 (2015). https://doi.org/10.1007/978-3-319-21407-8_44
De Mare, G., Manganelli, B., Nesticò, A.: The economic evaluation of investments in the energy sector: a model for the optimization of the scenario analyses. LNCS 7972, 359–374 (2013). https://doi.org/10.1007/978-3-642-39643-4_27
De Mare, G., Granata, M.F., Forte, F.: Investing in sports facilities: the Italian situation toward an olympic perspective confidence intervals for the financial analysis of pools. LNCS 9157, 77–87 (2015). https://doi.org/10.1007/978-3-319-21470-2_6
De Mare, G., Nesticò, A., Macchiaroli, M., Dolores, L.: Market prices and institutional values comparison for tax purposes through GIS instrument. LNCS 10409, 430–440 (2017). https://doi.org/10.1007/978-3-319-62407-5_30
Dolores, L., Macchiaroli, M., De Mare, G.: A model for defining sponsorship fees in public-private bargaining for the rehabilitation of historical-architectural heritage. SIST 101, 484–492 (2019). https://doi.org/10.1007/978-3-319-92102-0_51
Dolores, L., Macchiaroli, M., De Mare, G.: A dynamic model for the financial sustainability of the restoration sponsorship. Sustainability 12(4), 1694 (2020a)
Dolores, L., Macchiaroli, M., De Mare, G.: Financial targets for the sponsee and the sponsor in the restoration/recovery of the historical and architectural heritage. SIST 177, 155–165 (2020b). https://doi.org/10.1007/978-3-030-52869-0_13
Dolores, L., Macchiaroli, M., De Mare, G.: Sponsorship’s financial sustainability for cultural conservation and enhancement strategies: an innovative model for sponsees and sponsors. Sustainability 13(6), 9070 (2021). https://doi.org/10.3390/su13169070
European Commission: Guide to the cost-benefit analysis of investment projects. Economic evaluation tool for cohesion policy 2014–2020, https://ec.europa.eu/regional_policy/sources/docgener/studies/pdf/cba_guide.pdf. Last Accessed 02 Aug 2020
Macchiaroli, M., Pellecchia, V., D’Alpaos, C.: Urban water management in Italy: an innovative model for the selection of water service infrastructures. WSEAS Trans. Environ. Develop. 15, 463–477 (2019)
Maselli, G., Macchiaroli, M., Nesticò, A.: ALARP criteria to estimate acceptability and tolerability thresholds of the investment risk. Appl. Sci. 11(19), 9086 (2021). https://doi.org/10.3390/app11199086
Nesticò, A., Moffa, R.: Economic analysis and operational research tools for estimating productivity levels in off-site construction. Valori e Valutazioni 2018(20), 107–128 (2018)
Nesticò, A., Macchiaroli, M., Maselli, G.: An innovative risk assessment approach in projects for the enhancement of small towns. Valori e Valutazioni 2020(25), 91–98 (2020)
Nesticò, A., De Mare, G., Frusciante, B., Dolores, L.: Construction costs estimate for civil works. A model for the analysis during the preliminary stage of the project, vol. 10408, pp. 89–105. LNCS (2017). https://doi.org/10.1007/978-3-319-62404-4_7
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Macchiaroli, M., Dolores, L., De Mare, G. (2022). Risk Analysis for the Integrated Water Service Manager in the Selection of Investments—The ALARP Applied to the Program of Interventions. In: Naddeo, V., Choo, KH., Ksibi, M. (eds) Water-Energy-Nexus in the Ecological Transition. Advances in Science, Technology & Innovation. Springer, Cham. https://doi.org/10.1007/978-3-031-00808-5_12
Download citation
DOI: https://doi.org/10.1007/978-3-031-00808-5_12
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-00807-8
Online ISBN: 978-3-031-00808-5
eBook Packages: Earth and Environmental ScienceEarth and Environmental Science (R0)