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Approaches to Risk Management and Operational Guidance for Municipal Water Supplies
Abstract The proper initiation of water use restrictions for municipal water systems should depend upon the risk of system shortfall, the economic loss associated with those shortfalls, and the range of management options available. Often these considerations are overshadowed by more subjective considerations that can not be easily quantified. This paper presents the results of a risk methodology designed to integrate quantitative factors into optimal policies through the use of an operational database. This methodology evaluates the range of economic risk associated with each management option. A discussion of a response curve approach also is presented with an application to the Seattle, Washington water supply system. These issues are pursued further in additional papers found in these proceedings by the author in which the more subjective aspects of the problems are addressed.
Approaches to Risk Management and Operational Guidance for Municipal Water Supplies
Abstract The proper initiation of water use restrictions for municipal water systems should depend upon the risk of system shortfall, the economic loss associated with those shortfalls, and the range of management options available. Often these considerations are overshadowed by more subjective considerations that can not be easily quantified. This paper presents the results of a risk methodology designed to integrate quantitative factors into optimal policies through the use of an operational database. This methodology evaluates the range of economic risk associated with each management option. A discussion of a response curve approach also is presented with an application to the Seattle, Washington water supply system. These issues are pursued further in additional papers found in these proceedings by the author in which the more subjective aspects of the problems are addressed.
Approaches to Risk Management and Operational Guidance for Municipal Water Supplies
Palmer, Richard N. (author)
1992-01-01
10 pages
Article/Chapter (Book)
Electronic Resource
English
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