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Chapter 6 - Accounting for Uncertain Water Supplies

Conjunctive Water Management

Published online by Cambridge University Press:  21 April 2021

Ariel Dinar  and
Yacov Tsur
Ariel Dinar
Affiliation:
University of California, Riverside
Yacov Tsur
Affiliation:
Hebrew University of Jerusalem
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Summary

The chapter discusses how to account for stochastic water supplies associated with uncertain precipitations by using fluctuating and stable sources conjunctively in order to stabilize overall water supplies. Natural water sources are characteristically uncertain due to their dependence on precipitation. The extent of the fluctuations varies across natural sources, depending on whether the source depends solely on the current year’s precipitation (i.e., it is a flow source) or accumulates precipitation over a number of years, thus is a stock source (e.g., aquifers). The chapter develops first a simple analytical framework that is then extended to the comprehensive water economy setup formulated in Chapter 2.

Keywords

conjunctive usewater supply variabilitystock sourcesflow sourcesinfrastructurestabilization valueaugmentation value
Type
Chapter
Information
The Economics of Water Resources
A Comprehensive Approach
 , pp. 115 - 132
Publisher: Cambridge University Press
Print publication year: 2021

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