Water Resource Management Using a Multiperiod Water Pricing Model in Izmir District

Abstract

Water is a product that cannot be substituted for living creatures to survive. The availability of water resources is crucial. The balance of water availability can change with environmental factors, and as a result, living creatures struggle with water scarcity. This study includes the policy of water pricing in the Izmir district. A multiperiod water pricing model based on transportation and inventory carrying problems is developed for encouraging water consumption reduction. Different pricing policy scenarios are proposed using the developed model to provide sustainable water management and penalize high water use. The aim is to maximize consumer welfare and ensure fair distribution among groups.