Efficiency/Equity Analysis of Water Resources Problems--A Game Theoretic Approach.
Abstract
Successful regional eater resources planning involves an efficiency analysis to find the optimal system that maximizes benefits minus costs, and an equity analysis to apportion project costs. Traditionally, these two problems have been treated separately. A reliable total numerization procedure is used to find the optimal system for regional water network problems. This procedure is easy to understand and can be implemented using readily available computer software. Furthermore, the more engineer can use realistic cost functions or perform detailed cost analysis and, also, examine good suboptimal systems. In addition, this procedure finds the optimal system for each individual and each subgroup of individuals; hence, an equity analysis can be accomplished using the theory of the core from cooperative n-person game theory on the optimal system as well as good suboptimal systems. A rigorous procedure using core conditions and linear programming is described to unambiguously measure an individual's minimum cost and maximum cost as a basis for the equitable cost allocation. Traditional approaches for quantifying minimum cost and maximum cost assume that either a regional system involving the grand coalition is built or all the individuals will go-it-alone.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1985
- Accession Number
- ADA160685
Entities
People
- E. K. Ng
Organizations
- Air Force Institute of Technology