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Comparing Two Hydro-Economic Approaches for Multi-Objective Agricultural Water Resources Planning

Author

Listed:
  • A. Alamanos

    (University of Waterloo)

  • D. Latinopoulos

    (Aristotle University of Thessaloniki)

  • A. Loukas

    (Aristotle University of Thessaloniki)

  • N. Mylopoulos

    (University of Thessaly)

Abstract

Hydro-economic models are valuable tools that can be used in irrigated agriculture in order to improve the understanding of the status quo of water resources, the role of water in agriculture, and the system behavior under changing conditions. The present paper attempts to give insights on how different water management objectives and data availability may influence the specification/application of hydro-economic modeling, as well as the reliability and interpretation of their results. A Greek rural watershed located in Central Greece (Region of Thessaly) is used as a case study application. A common hydro-economic framework for sustainable water resources management in irrigated agriculture is examined, aiming to provide a simple and understandable tool for policymakers. In this framework two hydro-economic models (HEMs) were developed to address challenges regarding data limitations, spatial analysis, and scenario-based problems (e.g. agri-economic scenarios, water policy scenarios, environmental scenarios, etc.). A set of selection criteria was then used to qualitatively compare these two models, based on their advantages and disadvantages. The results of this analysis indicate that HEMs’ development must be quite flexible about their settings and must take into consideration the desired accuracy level that is likely to satisfy their main purpose/goal. The optimal approach is the one that can achieve a balance between simplicity, flexibility, accuracy and robustness.

Suggested Citation

  • A. Alamanos & D. Latinopoulos & A. Loukas & N. Mylopoulos, 2020. "Comparing Two Hydro-Economic Approaches for Multi-Objective Agricultural Water Resources Planning," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 34(14), pages 4511-4526, November.
    • Handle: RePEc:spr:waterr:v:34:y:2020:i:14:d:10.1007_s11269-020-02690-6
    DOI: 10.1007/s11269-020-02690-6
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    7. P. Sidiropoulos & N. Mylopoulos & A. Loukas, 2013. "Optimal Management of an Overexploited Aquifer under Climate Change: The Lake Karla Case," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(6), pages 1635-1649, April.
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    3. Seyedeh Hadis Moghadam & Parisa-Sadat Ashofteh & Hugo A. Loáiciga, 2022. "Optimal Water Allocation of Surface and Ground Water Resources Under Climate Change with WEAP and IWOA Modeling," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(9), pages 3181-3205, July.
    4. Koundouri, Phoebe & Dellis, Konstantinos & Miziaki, Olympia, 2024. "The multi-faceted effects of green innovation in the crop & livestock sector in Greece: Evidence with the FABLE Calculator," MPRA Paper 121430, University Library of Munich, Germany.
    5. Alamanos, Angelos & Koundouri, Phoebe, 2022. "Economics of Incorporating Ecosystem Services into Water Resource Planning and Management," MPRA Paper 122046, University Library of Munich, Germany.
    6. N. Englezos & X. Kartala & P. Koundouri & M. Tsionas & A. Alamanos, 2023. "A Novel HydroEconomic - Econometric Approach for Integrated Transboundary Water Management Under Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(4), pages 975-1030, April.
    7. Yizhong Chen & Hongwei Lu & Jing Li & Pengdong Yan & He Peng, 2021. "Multi-Level Decision-Making for Inter-Regional Water Resources Management with Water Footprint Analysis and Shared Socioeconomic Pathways," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 35(2), pages 481-503, January.
    8. Luis Garrote & Alvaro Sordo-Ward, 2020. "Preface to the Special Issue: Managing Water Resources for a Sustainable Future," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 34(14), pages 4307-4311, November.
    9. Javier Martínez-Dalmau & Carlos Gutiérrez-Martín & Alfonso Expósito & Julio Berbel, 2023. "Analysis of Water Pricing Policy Effects in a Mediterranean Basin Through a Hydroeconomic Model," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 37(4), pages 1599-1618, March.

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