@article{Pannell:204263,
      recid = {204263},
      author = {Pannell, David J.},
      title = {Ranking Projects for Water-Sensitive Cities},
      address = {2015-05-11},
      number = {1784-2016-141872},
      series = {Working papers},
      pages = {45},
      month = {May},
      year = {2015},
      abstract = {Water agencies and utilities wishing to support  water-sensitive projects face the challenge of deciding  which of the many possible projects they should support  with their limited resources. Projects vary greatly in  their benefits and costs, so selecting the best projects  can make a major difference to the level of benefits that  can be generated for a given budget. Key principles for  ranking projects are presented and explained. Suitable  formulas to use as a metrics for ranking projects are  developed and explained. The formulas account for valuation  of benefits, the effectiveness of management, time lags,  behaviour change, various risks and various costs. The  formulas are designed to strike a balance between  theoretical rigour and reasonable simplifications. A number  of common mistakes to avoid are outlined. Sample templates  for project proposals and spreadsheets for ranking projects  are provided, to make it easy to put the principles into  practice.},
      url = {http://ageconsearch.umn.edu/record/204263},
      doi = {https://doi.org/10.22004/ag.econ.204263},
}