Original paper

Managing the cost overrun risks of hydroelectric dams: An application of reference class forecasting techniques

Volume: 63, Pages: 19 - 32
Published: Sep 1, 2016
Abstract
Hydropower investments have been subject to intense criticism over environmental issues and the common experience with cost uncertainty. In this study we address the issue of uncertainty in cost projections by applying reference class forecasting (RCF) in order to improve the reliability of costs used for making decisions under uncertainty. This technique makes it possible to closely link contingency estimates to the likely incidence of...
Paper Details
Title
Managing the cost overrun risks of hydroelectric dams: An application of reference class forecasting techniques
Published Date
Sep 1, 2016
Volume
63
Pages
19 - 32
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