Operations Research, Systems Engineering and Industrial Engineering Commons^™

Investigating An Optimal Decision Point For Probability Bounds Analysis Models When Used To Estimate Remedial Soil Volumes Under Uncertainty At Hazardous Waste Sites, Charles O. Dankwah

Walden Dissertations and Doctoral Studies

Hazardous waste site remediation cost estimation requires a good estimate of the contaminated soil volume. The United States Environmental Protection Agency (U.S. EPA) currently uses deterministic point values to estimate soil volumes but the literature suggests that probability bounds analysis (PBA) is the more accurate method to make estimates under uncertainty. The underlying statistical theory is that they are more accurate than deterministic estimates because probabilistic estimates account for data uncertainties. However, the literature does not address the problem of selecting an optimal decision point from the interval-valued PBA estimates. The purpose of this study was to identify the optimal …