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Probability Management for Water Finance and Resource Managers
Author(s) -
Chesnutt Thomas W.,
Hollis Michael,
Mitchell David L.,
Kavanagh Shayne,
Pekelney David M.,
Putt Brian,
Savage Sam
Publication year - 2021
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/awwa.1653
Subject(s) - key (lock) , business , water utility , resource (disambiguation) , water resources , risk analysis (engineering) , environmental economics , environmental resource management , computer science , water supply , economics , environmental science , environmental engineering , computer network , ecology , computer security , biology
Key Takeaways From determining future water demands to setting rates, it's a given that most planning related to water requires managers to deal with uncertainties. If uncertainties are understood more clearly, then stakeholders buy in to resulting decisions more readily. Probability management provides principles, methods, standards, and tools to reduce the cost of confronting uncertainty when making decisions.