Multilateral Working Group on Water Resources
Water Data Banks Project
Entry from Directory of Selected Israeli Water-related Publications
| NOTE: It is recommend that all information posted here be checked with primary sources before use. |
| TITLE: | Preposterior analysis as a tool for data evaluation: application to aquifer contamination. |
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| IN: | Water Resources Management, volume 2, No. 1, 1988 |
| AUTHORS: | Meir Ben-Zvi, Brian Berkowitz and Shmuel Kessler |
| PUBLISHER: | Kluwer Academic Publishers |
| PAGES: | 11-20 |
| PUBLICATION DATE: | 1988 |
| LANGUAGE OF PUBLICATION: | English |
| ABSTRACT: | The paper deals with the assessment of the value of data before they become available. The role of data is to reduce the risk associated with decisions taken under conditions of uncertainty. However, while the inclusion of relevant data reduces risk, data acquisition involves cost, and there is thus an optimal level beyond which any addition of data has a negative net benefit. The Bayesian approach is applied to construct a method for updating decisions and evaluating the anticipated reduction in risk following consideration of additional data. The methodology is demonstrated on a problem of management of an aquifer under threat of contamination. |
| ADDRESS FROM WHICH THE PUBLICATION CAN BE OBTAINED: | The Journals Department, Kluwer Academic Publishers, P.O.Box 17, 3300 AA Dordrecht, Holland |
| AVAILABILITY: | By order from the publisher |
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