Risk Simulation Model for Rehabilitation Studies

by Richard Males, RMM Technical Services, Inc, Cincinnati, United States,
David Moser, RMM Technical Services, Inc, Cincinnati, United States,
Michael Walsh, RMM Technical Services, Inc, Cincinnati, United States,
Walter Grayman, RMM Technical Services, Inc, Cincinnati, United States,
Craig Strus, RMM Technical Services, Inc, Cincinnati, United States,



Document Type: Proceeding Paper

Part of: Risk-Based Decision Making in Water Resources VI

Abstract: The U.S. Army Corps of Engineers is required to analyze major rehabilitation proposals for all facilities using risk-based benefit-cost analysis techniques. Existing spreadsheet-based tools are slow, inflexible, and highly problem-specific. A generalized C++ program using object-oriented techniques has been developed and applied to the economic risk analysis problem. The program provides significant advantages in the analysis effort, including greatly increased speed, greater ease of use, and more powerful modeling capabilities. Further enhancements to the model are being developed.

Subject Headings: Risk management | Rehabilitation | Computer languages | Computer analysis | Simulation models | Computer aided operations

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