Designing Under Uncertainty When We Can Reduce Uncertainty: When is Another Observation Worth the Cost?by J. Wayland Eheart, Univ of Illinois, Urbana, United States,
Abstract: A method is presented that optimizes the selection of sites for observation of an uncertain parameter when that parameter is used in the risk-based design of an engineered system. The criterion for optimization is maximization of cost savings of the engineered system due to the acquisition of the information. A groundwater remediation example application is presented.
Subject Headings: Uncertainty principles | Water resources | Water pollution | Water treatment plants | Site investigation | Parameters (statistics) | Risk management | Information management
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