Water resources allocation considering water supply and demand uncertainties using newsvendor model-based framework.

ABSTRACT: A novel newsvendor model-based framework for regional industrial water resources allocation that considers uncertainties in water supply and demand was proposed in this study. This framework generates optimal water allocation schemes while minimizing total costs. The total cost of water allocation consists of the allocated water cost, the opportunity loss for not meeting water demand, and the loss of the penalty for exceeding water demand. The uncertainties in water demand and supply are expressed by cumulative distribution functions. The optimal water allocation for each water use sector is determined by the water price, the unit loss of the penalty and opportunity loss, and the cumulative distribution functions. The model was then applied to monthly water allocation for domestic, industr

SUBMITTER: He Y 

PROVIDER: S-EPMC10444857 | biostudies-literature | 2023 Aug

REPOSITORIES: biostudies-literature