Jordan, W.R.Jensen, R.W.Jensen, R.Water for Texas: Setting the Research Agenda. Proceedings of a workshop co-sponsored by the Texas Water Development Board and the Texas Water Resources Institute. November 18-19, 1991, Austin, Texas.2010-02-152010-02-151991http://hdl.handle.net/1969.3/24014p. 39-47.Impacts of management decisions can be broadly classified into three categories: economic costs and benefits; societal goals; and risks. Research provides the general framework for economic analysis as well as site-specific data. Societal goals establish the broad context for economic analyses, but also provide a basis for change as needs of society change. Risks associated with management decisions are often poorly understood. While risk of monetary loss can be calculated, impacts of decisions on human health and biological integrity of natural ecosystems are extremely difficult to incorporate into the decision making process.water resourceswater managementeconomic analysisenvironmental impactChapter