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Tracking trade transactions in water resource systems: A node- arc optimization formulation

Erfani, T; Huskova, I; Harou, JJ; (2013) Tracking trade transactions in water resource systems: A node- arc optimization formulation. WATER RESOURCES RESEARCH , 49 (5) 3038 - 3043. 10.1002/wrcr.20211. Green open access

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Abstract

[1] We formulate and apply a multicommodity network flow node-arc optimization model capable of tracking trade transactions in complex water resource systems. The model uses a simple node to node network connectivity matrix and does not require preprocessing of all possible flow paths in the network. We compare the proposed node-arc formulation with an existing arc-path (flow path) formulation and explain the advantages and difficulties of both approaches. We verify the proposed formulation model on a hypothetical water distribution network. Results indicate the arc-path model solves the problem with fewer constraints, but the proposed formulation allows using a simple network connectivity matrix which simplifies modeling large or complex networks. The proposed algorithm allows converting existing node-arc hydroeconomic models that broadly represent water trading to ones that also track individual supplier-receiver relationships (trade transactions).

Type: Article
Title: Tracking trade transactions in water resource systems: A node- arc optimization formulation
Open access status: An open access version is available from UCL Discovery
DOI: 10.1002/wrcr.20211
Publisher version: http://dx.doi.org/10.1002/wrcr.20211
Additional information: © 2013. American Geophysical Union. All Rights Reserved. Full text made available to UCL Discovery by kind permission of Wiley.
Keywords: water trading; multicommodity network optimization; hydroeconomic modeling; transaction costs;
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng
URI: https://discovery.ucl.ac.uk/id/eprint/1388839
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