Forecasting water use for policy making: A review
RG Thompson, HP Young
Water Resources Research | Published : 1973
The derived demand function for water is the basis for forecasting water use in production. Substituting inputs in production is the key idea underlying derived demand functions for water. The form of the derivation is illustrated for certain types of substitutions in a steam electric generating plant. A linear method of approximating derived demand functions is discussed; references to previous studies in agriculture and petroleum refining are made. Several demand functions estimated in this way are then used to evaluate proposed investments in water resource regulation. Copyright 1973 by the American Geophysical Union.