TY - JOUR
T1 - METHODOLOGY OF BAYESIAN INFERENCE AND DECISION MAKING APPLIED TO EXTREME HYDROLOGIC EVENTS.
AU - Wood, Eric F.
AU - Rodriguez-Iturbe, Ignacio
AU - Schaake, John C.
PY - 1974
Y1 - 1974
N2 - Two types of statistical uncertainty were considered in this study. The Bayesian inference model is applied to a Bayesian decision model, where the decision rule is the maximization of expected net monetary benefits. A case study of determining the optimal size of local flood protection for Woonsocket, Rhode Island, was considered, using realistic flood damage and cost functions.
AB - Two types of statistical uncertainty were considered in this study. The Bayesian inference model is applied to a Bayesian decision model, where the decision rule is the maximization of expected net monetary benefits. A case study of determining the optimal size of local flood protection for Woonsocket, Rhode Island, was considered, using realistic flood damage and cost functions.
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M3 - Article
AN - SCOPUS:85041978367
JO - MIT Dep Civ Eng, Ralph M. Parsons Lab Water Resour Hdyn1r Rep
JF - MIT Dep Civ Eng, Ralph M. Parsons Lab Water Resour Hdyn1r Rep
IS - 178
ER -