Tangible costs in risk-based design
Design of a hydrosystem infrastructure, by nature, is an optimization problem consisting of an analysis of the hydraulic performance of the structure to convey flow across or through the structure and a determination of the most economical design alternative. The objective function is to minimize the sum of capital investment cost, the expected flood damage costs, and operation and maintenance costs. The relevant variables and parameters associated with the investment cost and the expected damage costs of a hydraulic structure, i. e., a highway drainage structure, are listed in Tables 8.1 and 8.2, respectively. The maintenance costs over the service life of the structure generally are treated as a yearly constants. Based on Tables 8.1 and 8...
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