Chapter
Apr 26, 2012
Water System Complexity and the Misuse of Modeling and Optimization
Publication: Risk-Based Decisionmaking in Water Resources IX
Abstract
This paper addresses flaws in metrics when used in modeling water-resources systems without discrimination, and also the unqualified use of model optimization as a surrogate to system optimization. The five points discussed are: cost-benefit analysis, expected value of risk, present value of money, reliability analysis as a surrogate to risk analysisn, and the fallacy of optimization.
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Risk-Based Decisionmaking in Water Resources IX
Pages: 1 - 10
Copyright
© 2001 American Society of Civil Engineers.
History
Published online: Apr 26, 2012
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Director, Center for Risk Management of Engineering Systems, and Quarles Professor of Systems Engineering and Civil Engineering, University of Virginia, Olsson Hall, Charlottesville, VA 22903. E-mail: [email protected]
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Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.