Figure 2 illustrates the components of the market and marketability studies necessary for rigorous feasibility analysis required to solve Problem c) cost benefit analysis. Scientific methods are required to quantify the uncertainties involved in the studies. The portion of the graphic labeled Project Evaluation and Redesign becomes more complex when soil contamination is found, since engineering controls (ECs) may also be required as part of a risk-based corrective action (RBCA) approach.
Figure 2 Components of market, marketability and financial risk analysis for feasibility
RBCA allows the developer to leave varying amounts of contamination in the subsurface depending on the future health risks resulting from types of land use over time. The Consoil 2005 conference in Bordeaux, France, held on October 4, 2005, discussed the near-global trend towards the use of RBCA, underscoring its importance.
