THE QUEUING THEORETIC APPROACH TO GROUNDWATER MANAGEMENT

Amitrajeet Batabyal

No 28349, Economics Research Institute, ERI Study Papers from Utah State University, Economics Department

Abstract: In this paper I propose and develop a new framework for modeling groundwater management issues. Specifically, I apply the methods of queuing theory- for the first time, to the best of my knowledge- to model a groundwater management problem from a long-run perspective. I characterize two simple management regimes as two different kinds of queues and then show how to pose a manager's decision problem as an optimization problem using queuing theoretic techniques. I solve for certain fundamental quantities, such as the expected system size, and then discuss the economic meaning and relevance of the queuing concepts being used. I close by discussing possible extensions to my basic models. Published in Ecological Modelling 85 (2-3, 1996):219-27.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 18
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usuesp:28349

DOI: 10.22004/ag.econ.28349

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