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A framework for considering externalities in urban water asset management

journal contribution
posted on 2023-05-18, 13:08 authored by Marlow, D, Pearson, L, Darla Hatton MacDonaldDarla Hatton MacDonald, Whitten, S, Burn, S
Urban communities rely on a complex network of infrastructure assets to connect them to water resources. There is considerable capital investment required to maintain, upgrade and extend this infrastructure. As the remit of a water utility is broader than just financial considerations, infrastructure investment decisions must be made in light of environmental and societal issues. One way of facilitating this is to integrate consideration of externalities into decision making processes. This paper considers the concept of externalities from an asset management perspective. A case study is provided to show the practical implications to a water utility and asset managers. A framework for the inclusion of externalities in asset management decision making is also presented. The potential for application of the framework is highlighted through a brief consideration of its key elements.

History

Publication title

Water Science and Technology

Volume

64

Issue

11

Pagination

2199-2206

ISSN

0273-1223

Department/School

College Office - College of Business and Economics

Publisher

I W A Publishing

Place of publication

United Kingdom

Rights statement

Copyright 2011 IWA Publishing

Repository Status

  • Restricted

Socio-economic Objectives

Environmental protection frameworks (incl. economic incentives)

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    University Of Tasmania

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