Next Article in Journal
Groundwater Quality Assessment in a Volcanic Mountain Range (South of Gran Canaria Island, Spain)
Next Article in Special Issue
Condition Assessment of Water Infrastructures: Application to Segura River Basin (Spain)
Previous Article in Journal
Effect of Planting Density on the Growth and Yield of Sunflower under Mulched Drip Irrigation
Previous Article in Special Issue
Comparative Scorecard Assessment of Urban Water Pricing Policies—The Case of Jordan and Iran
Article Menu
Issue 4 (April) cover image

Export Article

Open AccessArticle

Are Groundwater Monitoring Networks Economical? Cost-Benefit Analysis on the Long-Term Groundwater Supply Project of South Korea

1
Department of International Economics and Business, Daejeon University, Daejeon 300-716, Korea
2
Department of Construction Safety and Disaster Prevention, Daejeon University, Daejeon 300-716, Korea
*
Author to whom correspondence should be addressed.
Water 2019, 11(4), 753; https://doi.org/10.3390/w11040753
Received: 10 February 2019 / Revised: 1 April 2019 / Accepted: 2 April 2019 / Published: 11 April 2019
(This article belongs to the Special Issue Socioeconomic Indicators for Sustainable Water Management)
  |  
PDF [2008 KB, uploaded 11 April 2019]
  |  

Abstract

Analyses of the relative economic efficiencies of surface-water and groundwater are important for policy-makers in many water-stressed countries. Groundwater is becoming an increasingly attractive and viable option as a supplementary water source, but its economic background must be understood before implementation. Employing the basic frameworks of the British and US Geological Surveys, we examined the economic viability of groundwater monitoring networks in South Korea, based on an analytic hierarchy process (AHP), pairwise comparison, and cost–benefit analysis. The total cost including installation, maintenance and servicing over the next 50 years is estimated to be US$ 0.79 billion, while the benefits are valued at US$ 2.31 billion. The monitoring network should provide benefits worth 292% of the costs, with the monitoring project thus clearly being economically viable. A sensitivity analysis indicates that the monitoring project is still economical, even if the network installation schedule is delayed slightly. As this study combines both economic and scientific perspectives, it might provide a concrete economic background for implementing groundwater utilization projects elsewhere. View Full-Text
Keywords: groundwater; monitoring network; cost–benefit analysis; AHP; pairwise comparison groundwater; monitoring network; cost–benefit analysis; AHP; pairwise comparison
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Kim, S.G.; Kim, G.-B. Are Groundwater Monitoring Networks Economical? Cost-Benefit Analysis on the Long-Term Groundwater Supply Project of South Korea. Water 2019, 11, 753.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Water EISSN 2073-4441 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top