Optimal groundwater extraction under uncertainty: resilience versus economic payoffs

This paper evaluates the trade-off between resilience and economic payoffs in terms of groundwater extraction where there is a risk of an irreversible and catastrophic event. A dynamic and spatial model is developed that incorporates a stochastic recharge process and the risk of an irreversible cata...

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Bibliographic Details

Main Authors:	Katic, Pamela G., Grafton, R. Quentin
Format:	Journal Article
Language:	Inglés
Published:	Elsevier 2011
Subjects:	groundwater extraction economic impact aquifers salt water intrusion recharge soil hydraulic properties
Online Access:	https://hdl.handle.net/10568/40433