Consumer Surplus Under Uncertainty: An Application to Dam-Reservoir Projects
نویسندگان
چکیده
منابع مشابه
An Application to Dam-Reservoir Projects
The use of cost-benefit analysis to evaluate the net welfare payoffs from water projects has now been an established practice for many years. One of the interesting aspects of such cost-benefit studies is that water projects involve an uncertain flow of costs and benefits, arising from the stochastic nature of streamflows. Hence a basic problem for the cost-benefit analyst is that of incorporat...
متن کاملReservoir Model Optimization under Uncertainty
Computerized reservoir simulation models are widely used in the industry to forecast the behavior of hydrocarbon reservoirs and connected surface facilities over long production periods. These simulation models are increasingly complex and costly to build and often use millions of individual cells in their discretization of the reservoir volume. Simulation processing time and memory requirement...
متن کاملHedonic Pricing under Uncertainty: A Theoretical Consumer Behavior Model
A model of consumer behavior has been formulated by using an additive utility function and the hedonic pricing approach, in a virtual market. Since, there is a time lag between ordering and purchasing products (goods and services) online and receiving them, it means the consumer makes decision under uncertainty. The level of satisfaction with products with distinctive characteristics is describ...
متن کاملMulti - objective Storage Reservoir Operation under Uncertainty
Synopsis Water quantity and quality are considered to be the main driving forces the reservoir operation. Barra Bonita reservoir, located in the southeast region of Brazil, is chosen as the case study for the application of the proposed methodology. Herein, optimization and artificial intelligence (AI) techniques are applied in the simulation and operation of the reservoir. A fuzzy stochastic d...
متن کاملPrediction under Uncertainty in Reservoir Modeling
Reservoir simulation is routinely employed in the prediction of reservoir performance under different depletion and operating scenarios. Usually, a single history matched model, conditioned to production data, is obtained. The model is then used to forecast future production profiles. Since the history match is non-unique, this is essentially an inverse problem. Hence the forecast production pr...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Water Resources Research
سال: 1985
ISSN: 0043-1397
DOI: 10.1029/wr021i009p01307