Publication
Title
Bioremediation : how to deal with removal efficiency uncertainty? An economic application
Author
Abstract
Bioremediation is a remediation strategy, which has considerable strength but also certain limitations. Complex and uncertain relationships among biomass, contaminants, and nutrients lead to an uncertain level of removal efficiency. The uncertainty inherent to a bioremediation strategy should be addressed in the remediation selection process. In order to evaluate the bioremediation strategy economically, this study takes into account the reversibility of a decision. A decision tree structures the different remediation strategies, thus giving the possible courses of action open to the decision maker. The option value indicates the importance of having the possibility to reverse a previously made decision. Compared with conventional economic evaluation tools, more information to ground the selection made is revealed.
Language
English
Source (journal)
Journal of environmental management. - London
Publication
London : 2013
ISSN
0301-4797
Volume/pages
127(2013), p. 77-85
ISI
000322940100010
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Publication type
Subject
External links
Web of Science
Record
Identification
Creation 04.01.2016
Last edited 27.05.2017