A Method for Maximizing the Present Value of a Groundwater Resource

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Author
Weisz, Reuben N.
Lowle, Charles L., Jr.
Affiliation
Department of Agricultural Economics, The University of Arizona, Tucson
Soils, Water and Engineering Department, University of Arizona, Tucson, Arizona
Issue Date
1976-05-01
Keywords
Hydrology -- Arizona.
Water resources development -- Arizona.
Hydrology -- Southwestern states.
Water resources development -- Southwestern states.

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Copyright ©, where appropriate, is held by the author.
Collection Information
This article is part of the Hydrology and Water Resources in Arizona and the Southwest collections. Digital access to this material is made possible by the Arizona-Nevada Academy of Science and the University of Arizona Libraries. For more information about items in this collection, contact anashydrology@gmail.com.
Publisher
Arizona-Nevada Academy of Science
Journal
Hydrology and Water Resources in Arizona and the Southwest
Abstract
In the past, researchers have applied a variety of analytical techniques for maximizing the present value of net benefits derived from a stock resource-simulation, calculus of variations, stochastic dynamic programming, and optimal control theory. This paper presents a more operational approach - linear programming. Applying linear programming to this type of problem requires a set of internal accounting constraints that prevent the additivity assumption of linear programming from being violated. A simplified, broadly drawn example from Southwest agriculture is used for demonstrating the model's structure and output.
ISSN
0272-6106
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