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Benefits of Analytic Decision-Tools

Efficiency: The application of analytic approaches, grounded in economics and decision science, can provide substantial efficiency benefits - in the range of 5 to 15 percent for utilities. Much of the increased value comes from quantifying non-financial project value and incorporating this information into project selection decisions.

Risk-Reduction: Risk-reduction is a second source of value and it is source of value that tends not to be addressed in a systematic quantitative manner.

  • As events have proven, failure to properly design, operate, maintain and replace critical electric and gas infrastructure can be devastating.
  • Analytic methods are available for quantifying both the risk of extreme events and the value of options that provide insurance against such events.

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