MULTI OBJECTIVE ANALYSIS OF WATER RESOURCES PROJECTS THROUGH SYSTEMS APPROACH

Abstract

This study is an attempt to consider a multiple objective planning base for water resource projects. It identifies the objectives relevant to water development as National Economic Development, Income redistribution and Environmental Quality: some other objectives identifiable from planning documents have been listed. Social benefit-cost framework that simultaneously con-sider 'willingness' to pay of the beneficiaries, opportunity costs and shadow prices has been brought out. Evaluation pro-cedures for regional income distribution are described. lsecessity for devising suitable scales for other objectives has been indicated. A combined treatment of social rate of discount and social value of investment has been favoured that also takes into account uncertainty.