Determining an Optimal Action Portfolio for Water Resource Management by Using Stochastic Programming

Chih-Chao Ho (), Chen-Che Pan and Liang-Cheng Chang
Additional contact information
Chih-Chao Ho: Feng Chia University
Chen-Che Pan: Ministry of Economic Affairs
Liang-Cheng Chang: National Chiao Tung University

Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), 2017, vol. 31, issue 9, No 9, 2675-2687

Abstract: Abstract A regional water management system always contains long-term and short-term actions in practice. The uncertainty of short-term actions increases great complexity for evaluating the performance of action portfolio comprised with long-term and short-term actions. Developing an efficient methodology to define a cost-effective action portfolio is an important task. Hence, this study develops a novel decision model, the Stochastic Programming with Recourse Decision Model (SPRDM), to compute a cost-effective action portfolio. The effectiveness of SPRDM is verified by address a problem of water shortage and financial cost in Taoyuan City, Northern Taiwan. The results shown adding Kaotai Reservoir alone can fulfill the Taoyuan demand most of the time, and the remaining extreme water shortage events can be addressed by short-term and irrigation management actions additionally. When drought duration of water shortage event is longer than 200 days, using irrigation management action to address water deficit has lower expected costs than other short-term actions do. Although the study focuses on Northern Taiwan, the proposed model is applicable to other areas with an integrated water resources management framework.

Keywords: Uncertainty; Action portfolio; Decision model (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11269-017-1652-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:waterr:v:31:y:2017:i:9:d:10.1007_s11269-017-1652-3

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11269

DOI: 10.1007/s11269-017-1652-3

Access Statistics for this article

Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA) is currently edited by G. Tsakiris

More articles in Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA) from Springer, European Water Resources Association (EWRA)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().