What are the methologies for economic analysis of water resources? Discuss the steps recommended for water resources management?
See the following recent case study around water resources availability, economic analysis and water sources selection for potable water supply and landscape irrigation.
https://www.mdpi.com/2071-1050/13/22/12696
See additionally two generalists interesting links:
“INTEGRATED WATER RESOURCE MANAGEMENT - FROM TRADITIONAL KNOWLEDGE TO MODERN TECHNIQUES - Implementation steps”
https://www.geo.fu-berlin.de/en/v/iwrm/Implementation/Implementation-steps/index.html
and
https://www.kunene.riverawarenesskit.com/KUNENERAK_COM/EN/GOVERNANCE/INTEGRATED_MANAGEMENT/STEPS_FOR_INTEGRATED_WATER_RESO.HTM
A little excerpt: “The Global Water Partnership (2009a) developed a Handbook for Integrated Water Resources Management in Basins. The handbook identified sequential steps for basin management, including:
Outlining broad policy goals as a vision for water management;
(…)
Integrating the lessons learned from evaluating the outcomes into future work.
The critical stage of this approach is revising future programs and activities based on past experiences in water planning and management, and incorporating new knowledge and information.”
The role of the Water User plays a major role in Economics of water resources. Water users should be equipped with facilities to update Volumetric Impression of their water availability.
As it is Water resource management, hence it largely depends of decision making by managers and industry players which will ensure positive economics of the water resources; therefore the use of Multi-Objective decision Making theory and Methods is recommended to be used in your methodology
Dear Naresh, the book by R. Young and J. Loomis (Determining the Economic Value of Water, Concepts and Methods; RFF Press, 2014), offers an integrated approach, from key theoretical concepts to main analytical tools. It is an excellent reference manual for the economic analysis of water resources.
Best.
The problems facing water management are very large, and that limiting treatment to developing new sources is no longer a viable option, stressing that “there is an urgent need for a strategic shift from a culture of water resource development to a culture of improving its management, rationalizing consumption, encouraging reuse, and protecting water resources.” from overconsumption and pollution” that before investing huge sums to increase water supply, less costly measures must be implemented to reduce water loss and improve water efficiency. This means reconsidering the role of the government, shifting from the exclusive focus on the role of the water provider to the role of the regulatory and planning body.”
https://www.caee.utexas.edu/prof/mckinney/ce385d/papers/econnotes.pdf
There are several methodologies for economic analysis of water resources. One common methodology is cost-benefit analysis, which involves comparing the costs and benefits of different water resources management strategies. Another methodology is multi-criteria decision analysis, which involves evaluating water resources management strategies based on multiple criteria such as economic, environmental, and social factors.
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