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- Dan Lu; Ming Ye; Shlomo P. Neuman; Liang Xue
- Advances in water resources 2012 v.35 no. pp. 69-82
- Bayesian theory; Monte Carlo method; model uncertainty; parameter uncertainty; permeability; risk; tuff; water resources; Arizona
- ... To manage water resource and environmental systems effectively requires suitable data. The worth of collecting such data depends on their potential benefit and cost, including the expected cost (risk) of failing to take an appropriate decision. Evaluating this risk calls for a probabilistic approach to data-worth assessment. Recently we  developed a multimodel approach to optimum value-of-info ...