Decision Consequence Analysis

Decision Consequence Analysis (DCA) is a structured process utilizing statistics and probability theory, utility theory, game theory and acknowledgement of psychological traps to help decision makers choose wisely under conditions of uncertainty. It addresses the fundamental issues in project decisions of where should resources of money, time, and energy be invested for the best balanced achievement of objectives. Historically, the process has been applied in the pharmaceutical and petroleum exploration industries; NewFields has pioneered the application of DCA in the environmental industry. Completion of DCA in all phases of environmental investigation, remediation, and site closure has efficiently allowed our government and private sector clients to increase the utility of their actions, achieving maximum risk reduced per dollar expended. For example, NewFields has utilized DCA to gain consensus from all project stakeholders on the appropriate selection of cleanup criteria given reasonable land use assumptions, determination of points of compliance rather than mass inventory reduction, and selection of final remedies which address true rather than perceived risk.

CASE STUDIES