Optimal Groundwater management under Uncertainty: Resilience versus Economic Payoffs
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]
|Collections||ANU Research Publications|
|Source:||Journal of Hydrology|
|01_Katic_Optimal_Groundwater_management_2011.pdf||760.87 kB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.