Some Perspectives and Philosophies on Risk-Based Decision Making in Water Resources

by G. Patrick Johnson, NSF, Washington, DC, USA,
Daniel Sheer, NSF, Washington, DC, USA,



Document Type: Proceeding Paper

Part of: Risk-Based Decision Making in Water Resources

Abstract:

The authors have selected four perspectives of the water resources decision problem that illustrate how formal risk-based approaches may be applied - an economic perspective, an environmental perspective, a decision-analytic perspective, and an institutional perspective. These perspectives will be discussed in terms of emerging risk-based approaches for water resources decision making.

Subject Headings: Water resources | Risk management | Economic factors | Decision making | Rivers and streams | Project management | Dam safety

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