Optimization in Integrated Water Resources Management
Introduction Optimization is a very large topic, even within the confines of water resources planning and management. For today, I would like to focus on a single application, which I found while reading the Journal of the American Water Resources Association (JAWRA). I highly recommend JAWRA as a great source on all things water resources and for updates on the latest issues. In the February 2011 issue (yes, I'm a little behind on my reading), there is an article called "Optimal Pollution Trading without Pollution Reductions: A Note". I would like to take the time to write up a review of this article. Pollutant Trading Application Pollutant trading is in it's infancy - the experimental stages. Current challenges include high transaction costs, difficulties in transferring liabilities, and pollution allowances in existing programs. This article describes how two different types of polluters (farm and factory) can collaborate in order to reduce the impact on rece...