Optimal Allocation Model of Water Resources Based on the Prospect Theory
Abstract
:1. Introduction
2. The Prospect Theory in Water Resources
2.1. The Prospect Theory Overview
2.2. The Prospect Theory Application in the Water Resources Allocation
2.3. Determining the Theoretical Elements of the Prospect Theory for the Water Resources Allocation
2.3.1. Reference Point Selection and Decision Preference Determination
2.3.2. Probability Weight Function Quantification
2.3.3. Value Function Quantification
3. Methodology
4. Case Study
5. Results and Discussion
5.1. Reference and the Reversal Points of the Decision Preference
5.2. The Effect of Water Deficit Scenarios on the Foreground Function
5.3. Comparison of the Water Deficit Before and After Decision Reversal
6. Conclusions
Author Contributions
Funding
Acknowledgments
Conflicts of Interest
References
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Category | Status | Average Water Deficit | Water Deficit | Depth of Water Deficit | Maximum Water Deficit Depth | ||||
---|---|---|---|---|---|---|---|---|---|
May | June | July | August | September | |||||
Ecology | Before | 7610.0 | 5459.9 | 2095.4 | 2900.9 | 372.0 | 18438.3 | 49% | 71% |
After | 817.3 | 568.6 | 232.8 | 322.3 | 354.5 | 2295.6 | 6% | 8% | |
Agriculture | Before | 2783.7 | 2251.2 | 893.7 | 1522.6 | 222.9 | 7674.0 | 22% | 29% |
After | 3888.6 | 1879.6 | 893.7 | 1522.6 | 222.9 | 8407.3 | 24% | 40% |
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He, H.; Chen, A.; Yin, M.; Ma, Z.; You, J.; Xie, X.; Wang, Z.; An, Q. Optimal Allocation Model of Water Resources Based on the Prospect Theory. Water 2019, 11, 1289. https://doi.org/10.3390/w11061289
He H, Chen A, Yin M, Ma Z, You J, Xie X, Wang Z, An Q. Optimal Allocation Model of Water Resources Based on the Prospect Theory. Water. 2019; 11(6):1289. https://doi.org/10.3390/w11061289
Chicago/Turabian StyleHe, Huaxiang, Aiqi Chen, Mingwan Yin, Zhenzhen Ma, Jinjun You, Xinmin Xie, Zhizhang Wang, and Qiang An. 2019. "Optimal Allocation Model of Water Resources Based on the Prospect Theory" Water 11, no. 6: 1289. https://doi.org/10.3390/w11061289