Analyzing the Real Costs of Climate Change

Oct. 20, 2014
Abigail Jacobsen
Published: Oct. 20, 2014

Climate change has already started to create extreme and unpredictable weather events around the globe. In this article, Randy Heffernan outlines the importance of considering these unknowns for businesses and organizations everywhere. Specifically describes a prime example in which the Australian government used Monte Carlo simulations to determine the best course of action when considering flood mitigation efforts for the Narrabeen Lagoon near Sydney, Australia.

Click here to read the article.

Climate change has already started to create extreme and unpredictable weather events around the globe. In this article, Randy Heffernan outlines the importance of considering these unknowns for businesses and organizations everywhere. Specifically describes a prime example in which the Australian government used Monte Carlo simulations to determine the best course of action when considering flood mitigation efforts for the Narrabeen Lagoon near Sydney, Australia.

Click here to read the article.

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