As the utilization range of smart devices for infrastructure has widen its application owing to flourishing of smart devices, studies on the technologies to graft IT onto underground utilities are actively carried out. In particular, as underground utilities have a characteristic of invisibility, studies on a management system converged with augmented reality are demanded for the efficient mana...

To view the full product, including the scope and methodology, click on the link above. Drinking water and wastewater utilities that GAO reviewed reported benefiting from comprehensive asset management but also finding certain challenges. The benefits include (1) improved decision making about their capital assets and (2) more productive relationships with governing authorities, rate payers, an...

Historically, utilities have been granted a natural monopoly status through the regulatory process. Under such conditions, utilities need to prove to their regulators that their expenditures were necessary to comply with imposed "obligation to serve." When these prudency arguments are successful, the utilities may recover their costs plus a rate of return. Some have argued that this structure h...

Psychologists report that people make choices on the basis of “decision utilities” that routinely overestimate the “experienced utility” consequences of these choices. This paper argues that this dichotomy between decision and experienced utilities may be the solution to an evolutionary design problem. We examine a setting in which evolution designs agents with utility functions that must media...

This paper tests the internal consistency of time trade-off utilities. We find significant violations of consistency in the direction predicted by loss aversion. The violations disappear for higher gauge durations. We show that loss aversion can also explain that for short gauge durations time trade-off utilities exceed standard gamble utilities. Our results suggest that time trade-off measurem...