Robust control in water management

被引:45
作者
Roseta-Palma, C
Xepapadeas, A
机构
[1] ISCTE, Dinamia, P-1649026 Lisbon, Portugal
[2] ISCTE, Dept Econ, P-1649026 Lisbon, Portugal
[3] Univ Crete, Dept Econ, GR-74100 Rethimnon, Greece
关键词
scientific uncertainty; maxmin approach; robust control; water use; rainfall variability; precaution;
D O I
10.1023/B:RISK.0000031443.39763.f0
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
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.
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页码:21 / 34
页数:14
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