✦ LIBER ✦
Valuing the future: a MADA example involving nuclear waste storage
✍ Scribed by Elizabeth Atherton; Simon French
- Publisher
- John Wiley and Sons
- Year
- 1998
- Tongue
- English
- Weight
- 248 KB
- Volume
- 7
- Category
- Article
- ISSN
- 1057-9214
No coin nor oath required. For personal study only.
✦ Synopsis
Intertemporal decision making involves decisions that have consequences that span several periods of time and often extend far into the future. The purpose of this paper is to discuss and highlight the differences associated with different evaluation methods designed to cope with the long-term impacts of a decision including discounting. The concepts and ideas are illustrated in the context of a decision about a nuclear waste facility. We show how applying different discounting methodologies can greatly affect the decision made, especially over long time periods.