Economic Measure of Effect of Extreme Data

by Myron B. Fiering,


Serial Information: Journal of the Sanitary Engineering Division, 1969, Vol. 95, Issue 4, Pg. 683-698


Document Type: Journal Paper

Abstract:

Hydrologic and sanitary engineers collect flow data with religious zeal, and practically no project is designed without a plaintive appeal for more data. Data collection agencies are concerned about the propriety, validity and utility of collecting more data everywhere, and have mounted systematic analyses of the cost and benefit associated with more observations. Techniques for evaluating the economic significance of extreme data are suggested, general guidelines for selecting among competing design models which purport to be adequate to the task are offered. Simulation and streamflow synthesis are used to derive performance indices from which conclusions can be reached in particular cases. The study does not make specific design recommendations.



Subject Headings: Economic factors | Data collection | Data processing | Data analysis | Hydrologic data | Streamflow | Benefit cost ratios

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