ABSTRACT:This paper evolved from a concern that water resource administrators and planners do not have a consistent definition of the value of goods and services of outputs from projects and programs. A more flexible approach to planning and evaluation is presented that recognizes the interaction of production and consumption through the use of commodity demand curves. Use of the concept of consumer surplus permits measurement of the differential impacts on producers' and consumers' welfare. Quadratic programming is suggested as a consistent means of quantifying these differential impacts.
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