An evaluation of a variable water supply for Lovelock Valley, Nevada
AuthorZeizel, Eugene Paul
AdvisorMaxey, George B.
Geological Sciences and Engineering
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This study determines the value of a variable surface-water supply in Lovelock Valley, Nevada from 1953 to 1963. The effects of uncertainty of water supply are considered in the analysis by using a decision model. Economic principles and statistical methods are used in application of the model. The major conclusion is that average value of water for irrigation at maximum production is $4.88 per acre-foot when 89,900 acre-feet of water is delivered at the farm headgate. Other facts and relationships derived were marginal value of water, effect of price on decisions, frequency of irrigation deliveries, and loss in net revenue that occurs when a water supply less than 89,900 acre-feet is delivered.
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