doi: 10.18178/ijesd.2018.9.6.1090
Easy Implementation of Intra-period Water Market Clearing Using CDDP Models
I. Mahakalanda
- Department of Decision Sciences, University of
Abstract
This paper shows how to clear a market for water,spatially with both consumptive and non-consumptive uses ofwater. A set of demand/supply nodes in a tree, radiating from asingle reservoir represents a mixed-use river catchment. Themulti-nodal version of the deterministic Constructive DualDynamic Programming (CDDP) procedure developed in thisstudy constructs a net demand curve for water released for thereservoir which to efficiently and implicitly clears the marketacross all nodes in the catchment. The main advantage of theCDDP approach is that it enables us to backtrack and pickapart prices in ways that allow participants and analysts tounderstand why prices are, what they are, and from where thevalue derives.
Keywords
- Water markets
- CDDP
- consumptive use
- non-consumptive use
How to Cite
I. Mahakalanda, "Easy Implementation of Intra-period Water Market Clearing Using CDDP Models," International Journal of Environmental Science and Development, vol. 9, no. 6, pp. 147-151, 2018. https://doi.org/10.18178/ijesd.2018.9.6.1090
Copyright & License
Copyright © 2018 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).