|Keywords||Sustainable Water Resources Management, Economic Incentives, Full-Cost Pricing of Water, Risk-Based Decision Analysis, Pollution Charges, Groundwater Remediation|
|Abstract||A risk-based decision analysis methodology is presented, that can be used as a water policy tool in the design of economic incentive instruments, under conditions of uncertainty. A contaminated groundwater resource system with unknown hydrogeological parameters is used as a case study. The polluter has to select the policy to be followed among a series of alternatives, ranging from the extreme and environmentally risky scenario of paying pollution charges as long as the aquifer will remain polluted, up to the conservative option in terms of reduced environmental risks policy of safely rehabilitating the groundwater system. The full-cost price of water, including direct, opportunity, and environmental costs, both actual and probabilistic, as well as the risks of failure of the alternative scenarios due to the uncertainty, as they result from stochastic simulation, are embedded in a risk-cost-benefit decision model, developed for the evaluation of the alternatives. The pollution charges to be imposed by the local water authority are determined through the appropriate development of this model and the use of a proposed algorithm, in a way that these charges can act as incentives to the polluters, forcing them, or the authorities, to select the most environmentally sustainable water policy, namely that of safely restoring the aquifer.|
|Full text||Full Text in PDF (166 KB)
|Included Refrences||18 References (List...)|
|Cited by other Articles||0 Citations (List...)|
|Name||Affiliation||Home page||Total pubs|
|Mylopoulos YA||Department of Civil Engineering, Aristotle University of Thessaloniki, Thessaloniki, GR 541 24, Greeceemail@example.com||23|
|Mylopoulos NA||Aristotle University of Thessaloniki, Department of Civil Engineering, Division of Hydraulics and Environmental Engineering, 541 24 Greecefirstname.lastname@example.org||13|
Article is cited by:
References included in article:
|Order of appearence||Full citation||SRCosmos Link|
|1||Covello V, |
(1987). Decision Analysis and Risk Management Decision Making: Issues and Methods. Risk Analysis 7, 131-139.
|2||Freeze A, Massmann J, Smith L, Sperling T, James B, |
(1990). Hydrogeological Decision Analysis 1. A Framework Ground Water, 28 (5), 738-766.
|3||Gelhar LW, |
(1986). Stochastic subsurface hydrology: From theory to applications. Water Resources Research 22, 135S-145S.
|4||Hoeksema RJ, Kitanidis PK, |
(1985). Analysis of the spatial structure of properties of selected aquifers. Water Resources Research 21, 563-572.
|5||Jonch-Clausen T, |
(1994) The freshwater problem and Rio: Background, process and key issues. Putting Dublin/Agenda 21 into practice. Lessons and new approaches in Water and Land Management. Editors
|6||Lundqvist J, Jonch-Clausen T, |
Special Session at VIIIth IWRA World Congress, Cairo, Egypt, pp 5-15.
|7||Konikow LF, Bredehoeft JD, |
(1978). Computer model of two-dimensional solute transport and dispersion in ground water. Techn. Water Resour. Invest., U.S. Geol. Surv., 7(2).
|8||Latinopoulos P, Mylopoulos N, Mylopoulos Y, |
(1997). Risk-Based Decision Analysis in the Design of Water Supply Projects. Water Resources Management, 11, 263-281.
|9||Mantoglou A, Wilson JL, |
(1982). The turning bands method for simulation of random fields using line generation by a spectral method. Water Resources Research 18, 1379-1394.
|10||Massmann J, Freeze A, |
(1987). Groundwater contamination from waste management sites: The interaction between risk-based engineering and regulatory policy. 1. Methodology. Water Resources Research 23, 351-367.
|11||Massmann J, Freeze A, |
(1987). Groundwater contamination from waste management sites: The interaction between risk-based engineering and regulatory policy. 2. Results. Water Resources Research 23, 368-380.
|12||Massmann J, Freeze A, Smith L, Sperling T, James B, |
(1991). Hydrogeological Decision Analysis: 2.Applications to Ground - Water Contamination. Ground Water, 29, 536-548.
|13||Mylopoulos YA, |
(1996). Sustainable Water Management in Greece. A Dream or a Vision' Rational and Sustainable Development of Water Resources, No 6, Vol. II, Collection Environnement de l' Universite de Montreal, Montreal, Canada, pp. 652 - 660.
|14||Mylopoulos Y, Mylopoulos N, Latinopoulos P, |
(1994). Risk-based decision modelling in the engineering design of groundwater pollution problems. Advances in Water Resources Technology and Management, G.Tsakiris & M. A. Santos (Eds.), Balkema, Rotterdam, pp. 269-274.
|15||Mylopoulos Y, Kolokytha E, |
(1996). Economic incentive instruments in sustainable environmental management. The water resources case. Proc. of International Conference: Restoration and Protection of the Environment III. Technical University of Crete, Greece, pp. 600 - 608.
|16||Sarokin D, Schulkin J, |
(1993). The necessity of Environmental Economics. Journal of Environmental Management 38, 259-280.
|17||Winpenny J, |
(1994) Managing Water as an Economic Resource, Routledge, New York.
|18||World Commission on Environment and Development, 1987, Our common future. Oxford University Press, London, ON.|