This is not an easy read, but some of the points are interesting. The author says that the article “provides a framework for the economics of resilience…” though the title is Challenges of Dealing with Uncertainty. I am out of my league to do a content review, but I welcome comments and analysis from readers.
Update: Be sure to read the comments section, where readers have contributed to the assessment of this article.
That makes two of us when it comes to the content of the article. Blogged on it myself and sent it to someone who could make heads or tails of it from a statistical perspective.
Eric
Eric Holdeman
Sent from my iPad
Have taken a quick trip thru the paper. Excellent in several regards:
• Highlights one of the major sources of conflicts among stakeholders – different time frames.
• Very readable presentation of life cycle analysis.
• Nice process for including life cycle analysis in community planning.
• Excellent justification for exercises, in this case with stress tests and scenarios.
Thanks, John. Those comments are helpful.