The Queuing Theoretic Approach to Groundwater Management
Amitrajeet Batabyal ()
Working Papers from Utah State University, Department of Economics
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.
Keywords: groundwater; management; stochastic; queuing; theory (search for similar items in EconPapers)
Pages: 18 pages
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Published in Ecological Modelling 85(2-3, 1996):219-27
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Working Paper: THE QUEUING THEORETIC APPROACH TO GROUNDWATER MANAGEMENT (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:usu:wpaper:9514
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