Journal of risk and uncertainty, 2004-07, Vol.29 (1), p.21-34
2004
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Details
- Autor(en) / Beteiligte
- Titel
- Robust Control in Water Management
- Ist Teil von
- Journal of risk and uncertainty, 2004-07, Vol.29 (1), p.21-34
- Ort / Verlag
- New York: Kluwer Academic Publishers
- Erscheinungsjahr
- 2004
- Quelle
- Business Source Ultimate【Trial: -2024/12/31】【Remote access available】
- Beschreibungen/Notizen
- Since surface water flows are often stochastic, there is a role for water reservoirs in protecting users against uncertainty. We assume uncertainty regarding the probability distribution for the stochastic variable. Thus the decision allows for a range of approximate models that could be true, and the problem can be solved using robust optimal control. This paper analyses the implications of a robust framework on resource management decisions, using the case of water as an illustration. Robust choices are compared with those of a benchmark stochastic model and the emergence of precautionary behaviour is discussed.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0895-5646eISSN: 1573-0476DOI: 10.1023/B:RISK.0000031443.39763.f0Titel-ID: cdi_proquest_miscellaneous_37952885
- Format
- –
- Schlagworte
- Agricultural management, Approximation, Cost control, Economic uncertainty, Expected utility, Expected values, Groundwater, Management decisions, Mathematical models, Precipitation, Probability, Probability distribution, Probability distributions, Rain, Random variables, Resource management, Risk, Robust control, Statistical methods, Stochastic models, Studies, Surface water, Uncertainty, Water consumption, Water flow, Water management, Water supply, Water utilization