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RCRA corrective action costs: An estimating model for nonfederal facilities
Author(s) -
Tonn Bruce,
Russell Milton,
Warren John
Publication year - 1993
Publication title -
remediation journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.762
H-Index - 27
eISSN - 1520-6831
pISSN - 1051-5658
DOI - 10.1002/rem.3440030203
Subject(s) - remedial action , remedial education , action (physics) , computer science , cost analysis , operations management , operations research , mathematics , engineering , ecology , physics , mathematics education , quantum mechanics , contamination , biology , environmental remediation
This article presents an analysis of the prospective costs of RCRA corrective action for private, nonfederal facilities. Two data bases developed by Research Triangle Institute and a remedial action cost model developed by CH2M Hill provide the foundation for this work. The methodology has two components, a remedial action knowledge base and a discrete‐state Monte Carlo analysis. Under base case assumptions, it is estimated that the total costs of RCRA corrective action will be $240 billion, with a 5 percent chance the costs will be less than $170 billion and a 5 percent chance the costs will be more than $377 billion.