CE11 Final Exam Review

CE11 Final Exam Review - CE11 Final Exam Review Risk...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
CE11 Final Exam Review Risk Lecture – finishing up Hazard (plausible consequence of a decision) vs Risk (measurement of likelihood of consequence in a decision scenario) 3 formal stages to Risk Analysis – (1) Hazard ID, (2) Risk Characterization (express in terms of comparable/understandable terms, i.e., time or $), (3) Risk Mgmt “Actuarial” = people who collect information about risk, usually in insurance co’s Final Review -Integrated, nested, longer questions. -Watch out for material not covered on MT1&2 -calculations, involved/conceptual, all readings – especially those that were skipped in MTs -Anything after “telework” lectures – 4 questions from alt/renewable energies; energy efficiency; economics; risk Sample questions Ex: Conceptual differences between monetary cost analysis and environmental cost analysis including factors like NPV, FV, and IR? o Stakeholders of environmental: Society, w/interests in benefit/cost ratio o Private stakeholders: NPV, FV, annualized costs. May not care about benefits – only expressed in costs. o IR is not applicable in enviro cost analysis In the Glen Canyon case study – total output of hydroelectric plant was 5.5 terawatt hours. How were the other outputs determined? o
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

CE11 Final Exam Review - CE11 Final Exam Review Risk...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online