Systemic similarities between groundwater management and monetary policy: Implications for sustainable groundwater management

Guy Bates, Mario Beruvides

Research output: Contribution to conferencePaper

1 Scopus citations

Abstract

Unsustainable groundwater consumption is a growing global problem. Managing for groundwater sustainability requires an understanding of complex systems and the interactions of many interrelated parts. Technical managers can use modeling and simulation to test groundwater policies and better understand the system in question. They may also choose to apply knowledge about successful policies from similar systems to identify effective management strategies for groundwater systems. It is common for managers and policymakers to relate concepts and components in water systems to those in monetary systems in order to aid in understanding. However, transferring knowledge across systems is only viable if the systems are sufficiently similar. This work presents a systemic, structural comparison of groundwater systems and monetary systems using a combination of logical argument and systems analysis to demonstrate that these systems may be sufficiently similar to justify the application of knowledge and policies from monetary systems to groundwater systems. A mental model of groundwater systems is developed based on the structure of the United States monetary system. Elements critical to simulation modeling are identified. Validation tests are used verify the structure of the model. This analysis may help justify the transfer of knowledge across systems and help technical managers to develop simplified simulation models in order make better policy decisions.

Original languageEnglish
StatePublished - 2017
Event2017 International Annual Conference of the American Society for Engineering Management, ASEM 2017 - Huntsville, United States
Duration: Oct 18 2017Oct 21 2017

Conference

Conference2017 International Annual Conference of the American Society for Engineering Management, ASEM 2017
CountryUnited States
CityHuntsville
Period10/18/1710/21/17

Keywords

  • Groundwater Management
  • Sustainability
  • Systems Analysis

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