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A Bernoulli Formulation of the Land-Use Portfolio Model

Open-File Report 2008-1310

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Abstract

Decision making for natural-hazards mitigation can be sketched as knowledge available in advance (a priori), knowledge available later (a posteriori), and how consequences of the mitigation decision might be viewed once future outcomes are known. Two outcomes - mitigating for a hazard event that will occur, and not mitigating for a hazard event that will not occur - can be considered narrowly correct. Two alternative outcomes - mitigating for a hazard event that will not occur, and not mitigating for a hazard event that will occur - can be considered narrowly incorrect. The dilemma facing the decision maker is that mitigation choices must be made before the event, and often must be made with imperfect statistical techniques and imperfect data.

Additional Publication Details

Publication type:
Report
Publication Subtype:
USGS Numbered Series
Title:
A Bernoulli Formulation of the Land-Use Portfolio Model
Series title:
Open-File Report
Series number:
2008-1310
Edition:
Version 1.0
Year Published:
2008
Language:
ENGLISH
Publisher:
Geological Survey (U.S.)
Contributing office(s):
Geographic Analysis and Monitoring Program
Description:
iii, 25 p.
Online Only (Y/N):
Y