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Optimal Allocation of Reservoir Water

Deepayan Debnath, Arthur L. Stoecker, Tracy Boyer () and Larry D. Sanders

No 46842, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: The purpose of this paper is to determine the optimal allocation of reservoir water among consumptive and non-consumptive uses. A non-linear mathematical programming model is developed to optimally allocate Lake Tenkiller water among competing uses that maximize the net social benefit. A mass balance is used to determine the level and volume of water in the lake. This paper examines the effect of water management on lake resources when recreational values are and are not included as control variables in the optimization process. Results show that maintaining the lake level to the ‘normal lake level’ of 632 feet during the summer months generates more recreational benefit rather than reducing the lake level by releasing water for hydro power generation.

Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 24
Date: 2009-01
New Economics Papers: this item is included in nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:46842

DOI: 10.22004/ag.econ.46842

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