Proper well management requires the determination of characteristic hydraulic parameters of production wells such as well loss coefficient (C) and aquifer loss coefficient (B), which are conventionally determined by the graphical analysis ofstep-drawdowntest data. However, in the present study,...

This paper demonstrates the utility of the real options approach to irrigation dam investment analysis. The main objective is to show how to calculate the option values of selected options that may be available to managers of irrigation dam investments. The paper provides an empirical...

Traditional net present value methods used to evaluate potential projects make no allowance for flexibility and assume a static environment. The concept of real options has extended into irrigation systems to model design flexibility in the realistically uncertain environment. In particular,...