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Making Informed Investment Decisions in an Uncertain World : A Short Demonstration
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Year: 2014 Publisher: Washington, D.C., The World Bank,

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Governments invest billions of dollars annually in long-term projects. Yet deep uncertainties pose formidable challenges to making near-term decisions that make long-term sense. Methods that identify robust decisions have been recommended for investment lending but are not widely used. This paper seeks to help bridge this gap and, with a demonstration, motivate and equip analysts better to manage uncertainty in investment decisions. The paper first reviews the economic analysis of ten World Bank projects. It finds that analysts seek to manage uncertainty but use traditional approaches that do not evaluate options over the full range of possible futures. Second, the paper applies a different approach, Robust Decision Making, to the economic analysis of a 2006 World Bank project, the Electricity Generation Rehabilitation and Restructuring Project, which sought to improve Turkey's energy security. The analysis shows that Robust Decision Making can help decision makers answer specific and useful questions: How do options perform across a wide range of potential future conditions? Under what specific conditions does the leading option fail to meet decision makers' goals? Are those conditions sufficiently likely that decision makers should choose a different option? Such knowledge informs rather than replaces decision makers' deliberations. It can help them systematically, rigorously, and transparently compare their options and select one that is robust. Moreover, the paper demonstrates that analysts can use the same data and models for Robust Decision Making as are typically used in economic analyses. Finally, the paper discusses the challenges in applying such methods and how they can be overcome.


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Recommended research priorities for the Qatar Foundation's Environment and Energy Research Institute / Nidhi Kalra [et al.].
Authors: ---
Year: 2011 Publisher: Santa Monica, CA : RAND Corporation,

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Qatar's leadership has created a vision of sustainable development for the country. The Qatar Foundation (QF) is moving this vision of sustainable development forward in part by establishing a national research institute that conducts and collaborates on applied research in energy, environment, and water issues, the Qatar Environment and Energy Research Institute. This book recommends applied research priorities for the new institution and reports on a survey of related research institutions in the region. The authors identified 14 priority research topics that QF should consider for the institute: natural gas and petroleum production and processing, carbon capture and storage, solar-energy development, fuel cells, green building, smart grids, strategic energy planning, desalination, groundwater sustainability, water demand management, integrated water resource management, environmental characterization, and crosscutting environmental research. These topics address key challenges that Qatar's energy, water, and environment resources and industries face, and they are areas in which Qatar could be well positioned to pursue research. Through the survey, the authors also found that Gulf Cooperation Council (GCC) countries have common resources and concerns about energy, water, and environment issues, and that GCC institutions are engaged in a range of research activities to address such concerns. The authors recommend that Qatar's institute take a multidisciplinary approach to research, and collaborate with other GCC institutions. It should also seek input from and involve the Qatar government to ensure that research priorities are aligned, resources allocated to energy and environment research reflect the institute's capabilities and needs, research findings reach their intended audience, and the institute and government agencies collaborate.


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Exploring Digital Humanities in India
Authors: ---
ISBN: 1000078744 Year: 2020 Publisher: Routledge India

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This book explores the emergence of digital humanities in the Indian context. It looks at how online and digital resources have transformed classroom and research practices. It examines some fundamental questions: What is digital humanities? Who is a digital humanist? What is its place in the Indian context?The chapters in the volume:* study the varied practices and pedagogies involved in incorporating the 'digital' into traditional classrooms;* showcase how researchers across disciplinary lines are expanding their scope of research, by adding a 'digital' component to update their curriculum to contemporary times;* highlight how this has also created opportunities for researchers to push the boundaries of their pedagogy and encouraged students to create 'live projects' with the aid of digital platforms; and* track changes in the language of research, documentation, archiving and reproduction as new conversations are opening up across Indian languages.A major intervention in the social sciences and humanities, this book will be of great interest to scholars and researchers of media studies, especially new and digital media, education, South Asian studies and cultural studies.

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The enemy of good
Authors: ---
ISBN: 1977400035 083309937X 9781977400031 9780833099372 Year: 2017 Publisher: Santa Monica, CA

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"How safe should highly automated vehicles (HAVs) be before they are allowed on the roads for consumer use? In this report, RAND researchers use the RAND Model of Automated Vehicle Safety to compare road fatalities over time under a policy that allows HAVs to be deployed when their safety performance is just moderately better than human drivers and a policy that waits to deploy HAVs only once their performance is nearly perfect."--Provided by publisher.


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Driving to safety
Authors: --- ---
ISBN: 0833095293 9780833095299 Year: 2016 Publisher: Santa Monica, Calif. RAND

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Equity Metrics for Climate Adaptation in the Electricity Sector
Authors: --- --- ---
Year: 2022 Publisher: Santa Monica, Calif. RAND Corporation

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Social equity has become a key concern among public agencies. In 2020, the California Public Utilities Commission (CPUC) adopted D. 20-08-046, Decision on Energy Utility Climate Change Vulnerability Assessments and Climate Adaptation in Disadvantaged Communities. This ruling requires utilities to engage disadvantaged communities and assess their vulnerability to climate impacts. It also requires utilities to evaluate how their climate adaptation efforts can promote equity. Southern California Edison (SCE), the sponsor of this work, is one of several investor-owned utilities regulated by the CPUC that must adhere to this rulemaking. The authors developed an illustrative set of context-specific equity metrics that SCE could build on and incorporate into its ongoing work toward climate adaptation. These metrics can help inform utility regulators and electricity utilities as they begin grappling with energy equity. It offers a straightforward methodology and a starting set of equity metrics that are intended to be adapted to different contexts.

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Growing Toward a Low-Carbon Future: Estimating Greenhouse Gas Emissions in California's Westlands Water District
Authors: --- --- ---
Year: 2023 Publisher: RAND Corporation

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The authors assessed the greenhouse gas (GHG) emissions of crop production in California's Westlands Water District and the trade-offs of policies aimed at decarbonization. The authors developed a bottom-up carbon and nitrogen cycle model to evaluate GHG emissions from 37 different crop types and five different land uses (e.g., solar energy generation, pasture), as well as key resource trade-offs introduced by options to decarbonize Westlands' crop production. This model was coupled with a water use model and an energy use model. They also analyzed how these resource trade-offs could differ under climate change. They found that crop production and land use in Westlands will release about 1.2 metric tons of carbon dioxide equivalent per acre per year from 2020 to 2050. Almonds and pistachios, as well as fallowed land, are the major contributors to these emissions because of the number of acres planted. In the short term, Westlands will offset more emissions than it releases through solar generation and will not start contributing net emissions until 2033. Further expanding solar generation in the district by converting a portion of Westlands-owned land to solar generation would shift the year in which Westlands becomes a net positive emitter to 2043.

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Water management, partnerships, rights, and market trends : an overview for Army installation managers
Authors: --- --- --- ---
ISBN: 0833095137 0833090461 9780833095138 9780833090461 Year: 2016 Publisher: RAND Corporation

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"This report assesses existing water market mechanisms (such as water banking and auctions) and partnership opportunities that Army installations can potentially use to improve installation water programs and their investments in water and wastewater systems. Because such mechanisms and opportunities depend on water management practices and water rights, the report also provides an overview of these areas. In addition, the report provides examples from across the United States, along with detailed case studies of these issues within Colorado and Fort Carson and within Arizona and Fort Huachuca. Water management today faces some key challenges, including aging infrastructure, water quality concerns, depleting groundwater aquifers, uncertain water supplies, pressures of population growth, climate change effects on water availability, and continued public demands for low-cost water. The traditional way of solving water problems -- by increasing access to new surface water and groundwater supplies--is often no longer viable. Such water sources are mostly allocated, and in many cases over-allocated. Today, many water managers are focused on conservation, efficient management, and accessing alternative water sources (such as treated wastewater and stormwater runoff). Water markets and partnerships are also being used in select cases. Given such water management, partnership, and market trends, the report concludes with recommendations about how Army policies and activities can be adjusted to improve installations' water security, programs, and infrastructure investments"--Publisher's description.


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Measuring automated vehicle safety : forging a framework

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Ensuring Robust Flood Risk Management in Ho Chi Minh City
Authors: --- --- --- --- --- et al.
Year: 2013 Publisher: Washington, D.C., The World Bank,

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Ho Chi Minh City faces significant and growing flood risk. Recent risk reduction efforts may be insufficient as climate and socio-economic conditions diverge from projections made when those efforts were initially planned. This study demonstrates how robust decision making can help Ho Chi Minh City develop integrated flood risk management strategies in the face of such deep uncertainty. Robust decision making is an iterative, quantitative, decision support methodology designed to help policy makers identify strategies that are robust, that is, satisfying decision makers' objectives in many plausible futures, rather than being optimal in any single estimate of the future. This project used robust decision making to analyze flood risk management in Ho Chi Minh City's Nhieu Loc-Thi Nghe canal catchment area. It found that the soon-to-be-completed infrastructure may reduce risk in best estimates of future conditions, but it may not keep risk low in many other plausible futures. Thus, the infrastructure may not be sufficiently robust. The analysis further suggests that adaptation and retreat measures, particularly when used adaptively, can play an important role in reducing this risk. The study examines the conditions under which robust decision making concepts and full robust decision making analyses may prove useful in developing countries. It finds that planning efforts in developing countries should at minimum use models and data to evaluate their decisions under a wide range of conditions. Full robust decision making analyses can also augment existing planning efforts in numerous ways.

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