Optimal groundwater extraction under uncertainty: resilience versus economic payoffs

Vista sencilla de ítem
dc.creatorKatic, Pamela G.
dc.creatorGrafton, R. Quentin
dc.date2011
dc.date2014-06-13T14:47:39Z
dc.date2014-06-13T14:47:39Z
dc.date.accessioned2026-06-27T18:27:19Z
dc.descriptionThis 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 depth of extraction can generate a higher economic return and a lower probability of crossing the threshold than only controlling the rate of extraction. This occurs even if the extraction rate is set optimally and is less than the extraction rate than when two forms of control are used. The model and ndings provide an applied framework to understand and to quantify where there might be 'win-win' outcomes, and trade-offs between economic payoffs and resilience in terms of groundwater extraction.
dc.identifierhttps://hdl.handle.net/10568/40433
dc.identifier.urihttp://hdl.handle.net/123456789/156387
dc.languageen
dc.publisherElsevier
dc.rightsLimited Access
dc.sourceKatic, Pamela; Grafton, Q. 2011. Optimal groundwater extraction under uncertainty: resilience versus economic payoffs. Journal of Hydrology, 406(3-4):215-224. doi: https://doi.org/10.1016/j.jhydrol.2011.06.01
dc.subjectgroundwater extraction
dc.subjecteconomic impact
dc.subjectaquifers
dc.subjectsalt water intrusion
dc.subjectrecharge
dc.subjectsoil hydraulic properties
dc.titleOptimal groundwater extraction under uncertainty: resilience versus economic payoffs
dc.typeJournal Article

Archivos

Colecciones

Instituto Internacional para el Manejo del Agua (IWMI)