A real options approach to the design and architecture of water supply systems using innovative water technologies under uncertainty

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dc.contributor.authorZhang, Stephen X.
dc.contributor.authorBabovic, Vladan
dc.date.accessioned2025-01-20T23:59:24Z
dc.date.available2025-01-20T23:59:24Z
dc.date.issued2012
dc.description.abstractWater supply has become a priority for developed and developing nations of the world. Conventional water resources alone cannot meet the growing demand for water in urban cities. Management of the problem is amplified by uncertainty associated with different development strategies. Singapore has limited conventional water resources and progressively architects its water supply system through acquiring and sustaining multiple (alternative) water resources through innovative technologies. The full rationale and merits of such a policy cannot be properly understood based on traditional project valuation methods alone. This paper provides decision support using a real options approach by evaluating innovative water technologies from multiple perspectives under uncertainty. This paper demonstrates that incorporating innovative water technologies into water supply systems can concurrently improve water supply from the financial, political and socioeconomic perspectives. The development of innovative water technologies provides flexibility to the water supply system, and is a fundamental and effective means of risk management. The evaluation of innovative water technologies is based on an integrated real options approach, which provides decision support for architecting water supply systems under uncertainty. The approach gives specific tangible values for the water technologies and complements the general prescriptive Integrated Water Resources Management (IWRM) framework.
dc.fuente.origenWOS
dc.identifier.doi10.2166/hydro.2011.078
dc.identifier.eissn1465-1734
dc.identifier.issn1464-7141
dc.identifier.urihttps://doi.org/10.2166/hydro.2011.078
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/95295
dc.identifier.wosidWOS:000298618300002
dc.issue.numero1
dc.language.isoen
dc.pagina.final29
dc.pagina.inicio13
dc.revistaJournal of hydroinformatics
dc.rightsacceso restringido
dc.subjectflexibility
dc.subjectinnovative technologies
dc.subjectmultiple objectives
dc.subjectplanning
dc.subjectrisk management
dc.subject.ods02 Zero Hunger
dc.subject.ods15 Life on Land
dc.subject.ods11 Sustainable Cities and Communities
dc.subject.ods13 Climate Action
dc.subject.ods14 Life Below Water
dc.subject.odspa02 Hambre cero
dc.subject.odspa15 Vida de ecosistemas terrestres
dc.subject.odspa11 Ciudades y comunidades sostenibles
dc.subject.odspa13 Acción por el clima
dc.subject.odspa14 Vida submarina
dc.titleA real options approach to the design and architecture of water supply systems using innovative water technologies under uncertainty
dc.typeartículo
dc.volumen14
sipa.indexWOS
sipa.trazabilidadWOS;2025-01-12
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