Technological change in water use: A mean-field game approach to optimal investment timing

Géraldine Bouveret, Roxana Dumitrescu and Peter Tankov

Operations Research Perspectives, 2022, vol. 9, issue C

Abstract: The need for clean water is expected to substantially increase while further reductions of water availability in sufficient quantity and quality are projected owing to climate change and anthropogenic activities. Accordingly, the debate on water security has recently intensified and reached the intergovernmental arena. Industry is, in particular, one of the largest (non-consumptive) water users, accountable for massive toxic wastewater discharges and facing stringent and costly environmental oversight. However, the management of reservoirs is intricate and operational research must be further expanded to design tools that enhance water security while improving operators’ profitability.

Keywords: OR in natural resources; Mean-field game; Technology investment; Strategic timing (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:oprepe:v:9:y:2022:i:c:s2214716022000045

DOI: 10.1016/j.orp.2022.100225

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