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A Dynamic Risk Optimization Model for Evaluating Profitable and Feasible Water Management Plans AgEcon
Grove, Bennie; Oosthuizen, L.K.; Backeberg, G.R..
Currently the South African government is advocating the cultivation of high valued crops and more efficient use of available water resources through the adoption o f more efficient irrigation technology and irrigation scheduling. A requirement of the National Water Act (Act 36 of 1998) is the compilation of water management plans. The main objective of this paper is to develop a multiperiod mathematical risk programming model able of assisting water user associations with the compilation of water management plans that are both profitable and feasible. Special care was taken to represent canal capacities and irrigation system application rates in the model. Risk simulation procedures are used to generate an appropriately correlated inter- and...
Tipo: Conference Paper or Presentation Palavras-chave: Dynamic Linear Programming; Risk; Irrigation; Feasibility; South Africa; Resource /Energy Economics and Policy; C6; Q15; Q12.
Ano: 2006 URL: http://purl.umn.edu/25554
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