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A framework for considering externalities in urban water asset management
- Source :
- Water Science and Technology. 64:2199-2206
- Publication Year :
- 2011
- Publisher :
- IWA Publishing, 2011.
-
Abstract
- Urban communities rely on a complex network of infrastructure assets to connect them to water resources. There is considerable capital investment required to maintain, upgrade and extend this infrastructure. As the remit of a water utility is broader than just financial considerations, infrastructure investment decisions must be made in light of environmental and societal issues. One way of facilitating this is to integrate consideration of externalities into decision making processes. This paper considers the concept of externalities from an asset management perspective. A case study is provided to show the practical implications to a water utility and asset managers. A framework for the inclusion of externalities in asset management decision making is also presented. The potential for application of the framework is highlighted through a brief consideration of its key elements.
- Subjects :
- Conservation of Natural Resources
Environmental Engineering
business.industry
Decision Making
Environmental resource management
Environmental economics
Complex network
Investment (macroeconomics)
Waste Disposal, Fluid
Water resources
Models, Economic
Investment decisions
Water Supply
Sustainability
Asset management
Asset (economics)
Cities
business
Ecosystem
Water Pollutants, Chemical
Externality
Environmental Monitoring
Water Science and Technology
Subjects
Details
- ISSN :
- 19969732 and 02731223
- Volume :
- 64
- Database :
- OpenAIRE
- Journal :
- Water Science and Technology
- Accession number :
- edsair.doi.dedup.....3673147e6702850c268679963cdc2369