Value-driven river management: A Murray River case study
| dc.contributor.author | Bean, N. | |
| dc.contributor.author | Jewell, N. | |
| dc.date.issued | 2013 | |
| dc.description.abstract | This paper outlines a quasi-economic hydrological model and management paradigm geared toward public and not-for-profit regulatory bodies, with particular reference to the southern Murray-Darling Basin in southeast Australia. This value-oriented model and paradigm bridges the gap between short-range hydrological forecasting and long-range economic planning. Decision-making is assisted by a scenario-based methodology with a clear distinction between baseline and marginal quantities. The paradigm has applications to seasonal planning, commercial water trading, environmental stewardship and structural adjustment. Specific applications to the Murray-Darling Basin include (i) evaluation of options for infrastructure upgrades and licence buybacks intended to address resource over-allocation, and (ii) revival and rationalisation of hydrological exchange rates for temporary and permanent water trades, with the aim of rigorously accounting for third-party effects. | |
| dc.description.statementofresponsibility | NG Bean and ND Jewell | |
| dc.identifier.citation | Australian Journal of Water Resources, 2013; 17(1):47-64 | |
| dc.identifier.doi | 10.7158/W13-005.2013.17.1 | |
| dc.identifier.issn | 1324-1583 | |
| dc.identifier.orcid | Bean, N. [0000-0002-5351-3104] | |
| dc.identifier.uri | http://hdl.handle.net/2440/81140 | |
| dc.language.iso | en | |
| dc.publisher | Institution of Engineers Australia | |
| dc.relation.grant | http://purl.org/au-research/grants/arc/DP 0877707 | |
| dc.rights | © Institution of Engineers Australia, 2013. | |
| dc.source.uri | https://doi.org/10.7158/w13-005.2013.17.1 | |
| dc.subject | Environmental watering | |
| dc.subject | Operations planning | |
| dc.subject | Public policy | |
| dc.subject | Regulated rivers | |
| dc.subject | Water trading | |
| dc.title | Value-driven river management: A Murray River case study | |
| dc.type | Journal article | |
| pubs.publication-status | Published |