This paper examines the optimal allocation of several inputs in the context of seawater desalination by reverse osmosis (RO) as a source of municipal (or commercial or industrial) water. A cost-minimization model is developed, a production function is estimated, and sensitivity analyses are...

The economic feasibility of investing in sprinkler irrigation technology for rice production is investigated using linear programming and capital budgeting to identify the net annual benefits and net present value, respectively. Groundwater and both flat rate and volumetrically priced surface...

Texas is the leading U.S. producer of cotton, and the U.S. is the largest internationalmarket supplier of cotton. Risks and uncertainties plague Texas cotton producers withunpredictable weather, insects, diseases, and price variability. Risk management studieshave examined the risk reducing...

Conventional water treatment facilities are the norm for producing potable water forU.S. metropolitan areas. Rapidly-growing urban populations, competing demands forwater, imperfect water markets, and uncertainty of future water supplies contribute tohigh interests in alternative sources of...