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,



Document Type: Proceeding Paper

Part of: Water Policy and Management: Solving the Problems

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: Water treatment plants | Uncertainty principles | Water resources | Water pollution | Groundwater management | Benefit cost ratios | Site investigation

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