Comparisons of risk-based decision rules for the application of water resources planning and management

• Main Authors: Su, Hsin-Ting, Tung, Yeou-Koung
• Other Authors: School of Civil and Environmental Engineering
• Format: Article
• Language: English
• Published: 2015
• Subjects: DRNTU::Engineering::Civil engineering::Water resources
• Online Access: https://hdl.handle.net/10356/93729; http://hdl.handle.net/10220/38359
• Institution: Nanyang Technological University

Water resources planning and management are plagued with various uncertainties in that any chosen management alternative always has the possibility to be inferior to other competing alternatives. To facilitate risk-based decision making, the minimax expected opportunity loss (EOL) rule is applied fo...