This paper describes a four-month study performed for the Dutch Minister of Transport, Public Works, and Water Management that examined the consequences of alternative policies for providing flood protection to the nontidal branches of the Rijn and Maas Rivers in The Netherlands. The paper focuses on estimating the flood damage that would occur under alternative safety standards, estimating the financial costs of alternative dike improvement strategies, and estimating the damage that would be inflicted on the landscape, natural, and cultural values along the rivers under each of these strategies. The primary objective of the study was to identify policies that would provide a high level of safety, would not cost too much, and would preserve as much as possible of the existing landscape, natural, and cultural values along the rivers. Less than six months after the completion of the study, the Dutch Parliament approved a new river dike policy that was based on the study's results.