Geothermal Risk/Benefit Assessment Model
- Key words
- Economics; SDG&E; Power Plants
- Conference
- Geothermal Resources Council Transactions
- Year
- 1981
- Session
- Risk management; Economics; Computer modeling
- Language
- English
Abstract
The goal of a current project at SDG&E is to develop methods of quantifying the risks and benefits of proposed geothermal power projects. A computer model is being developed to be used to evaluate the probabilities of various cost impacts resulting from significant uncertain parameters. Preliminary results indicate that the probabilistic computer model can be a valuable tool, but it requires high quality input data. Model is intended to be used as a screening tool and in conjunction with an individual evaluation of projects. The model does not act as a replacement for individual evaluations.
Copyright 1981, Geothermal Resources Council. Readers who download papers from this site should honour the copyright of the original authors, and may not copy or distribute the work further without the permission of the original publisher.