YCWA asked us to evaluate the damage reduction benefits of the proposed alternatives, using procedures that would be acceptable to the Corps of Engineers and to the California Department of Water Resources. Our assignment called for us to compute economic benefits for sixteen proposed inundation-reduction alternatives and to prepare a technical document describing our methods and summarizing our findings.
We assembled an economic analysis model that considered potential flood damages in seven impact areas (IA) adjacent to the confluence of the Yuba and Feather Rivers, shown in the figure. We applied Corps uncertainty analysis methods to compute expected annual damage (EAD) for the without-project condition and each of sixteen proposed alternatives. We also computed the present value of expected project benefits based on a 50-year project life.
 The possibility of multiple locations of inflow to the impact areas provided an additional technical challenge for this work. To account for this, we developed an innovative scheme that computed system-wide EAD based on levee-failure risk along the various damage reaches in the study area.
EAD and other measures of risk and project performance were computed and reported. These, along with environmental assessments by others, provide indices for comparing alternatives and for selecting a plan for construction.
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