Robust Control in Water Management

Catarina Roseta-Palma and Anastasios Xepapadeas

Journal of Risk and Uncertainty, 2004, vol. 29, issue 1, 34 pages

Abstract: Since surface water flows are often stochastic, there is a role for water reservoirs in protecting users against uncertainty. We assume uncertainty regarding the probability distribution for the stochastic variable. Thus the decision allows for a range of approximate models that could be true, and the problem can be solved using robust optimal control. This paper analyses the implications of a robust framework on resource management decisions, using the case of water as an illustration. Robust choices are compared with those of a benchmark stochastic model and the emergence of precautionary behaviour is discussed.

Date: 2004
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