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Optimal Groundwater management under Uncertainty: Resilience versus Economic Payoffs

Katic, Pamela; Grafton, Quentin

Description

This paper evaluates the trade-off between resilience and economic payoffs in terms of groundwater extraction where there is a risk of an irreversible and catastrophic event. A dynamic and spatial model is developed that incorporates a stochastic recharge process and the risk of an irreversible catastrophic event (such as saltwater intrusion) that arises when hydraulic heads fall below a given threshold. The results show that if the threshold is uncertain then controlling both the rate and...[Show more]

CollectionsANU Research Publications
Date published: 2011
Type: Journal article
URI: http://hdl.handle.net/1885/27347
Source: Journal of Hydrology
DOI: 10.1016/j.jhydrol.2011.06.016

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