An optimal timing model of water reallocation and reservoir construction
Growth of the users base often reduces the efficiency of existing water allocation policies and causes new water supplies to cost more than the value of water in existing use. Historically, water management authorities have shown a bias toward undertaking of new supply projects and delay of necessar...
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Published in | European journal of operational research Vol. 145; no. 1; pp. 165 - 174 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
Amsterdam
Elsevier B.V
16.02.2003
Elsevier Elsevier Sequoia S.A |
Series | European Journal of Operational Research |
Subjects | |
Online Access | Get full text |
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Summary: | Growth of the users base often reduces the efficiency of existing water allocation policies and causes new water supplies to cost more than the value of water in existing use. Historically, water management authorities have shown a bias toward undertaking of new supply projects and delay of necessary reallocations. This study provides an analysis of the timing and adjustments associated with construction of new reservoirs and reallocation of existing supplies. A dynamic model yields simultaneously the optimal construction timing of new projects and guidelines for reallocation of existing supplies. A number of sensitivity results provide additional insights. |
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ISSN: | 0377-2217 1872-6860 |
DOI: | 10.1016/S0377-2217(02)00160-1 |