Uncertainty and Irreversibility in Groundwater Resource Management

摘要: Abstract Optimal exploitation of renewable groundwater resources when extraction affects the probability occurrence an irreversible event is studied. The term signifies that renders resource obsolete. It found uncertainty concerning has a profound effect. Under certainty-when stock level below which effect-the optimal state process converges to unique equilibrium state. uncertainty, unknown, we identify intervals and show processes initiated elsewhere converge boundary one these intervals. Inside interval, expected loss due so high it does not pay extract in excess recharge, even though under certainty doing would be beneficial.