Article ID: | iaor19931418 |
Country: | United Kingdom |
Volume: | 41 |
Start Page Number: | 563 |
End Page Number: | 577 |
Publication Date: | Mar 1992 |
Journal: | Applied Statistics |
Authors: | OHagan A., Glennie E.B., Beardsall R.E. |
Keywords: | investment |
In their preparation for privatization, the English and Welsh water authorities were required to submit estimates of the amount of capital investment that would be required over 20 years to maintain, improve and extend their assets. A Bayesian analysis was adopted by two of the water authorities. The authors present the methodology used and illustrate it with part of an analysis used for South West Water.