Valuation is the process by which potential worth of transactions between two or more parties can be evaluated. The work products of a valuation are sets of calculated metrics. Application areas include valuations of electric power and building energy systems. Uncertainty can manifest while exercising a valuation in the form of natural variability, lack of knowledge, and random events. In the context of the valuation process, risk is the combination of these sources of uncertainty and their consequences. This paper lists sources of uncertainty and discusses how the valuation process might better support decision making in the presence of such uncertainty and risk.

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