Management: Making the Most of Water Resources

			Abstract

This talk will present two projects that examine how improved management of existing water 
resources can lead to lower costs and better outcomes. In the first project, interruptible 
contracts will be analysed using an improved synthetic streamflow generating technique to 
demonstrate the efficacy and performance of these contracts, even under alternate climate 
scenarios. In the second project, the simulation of a water market will show how 
significant drought-induced economic losses in the Bay Area of California may be avoided 
compared to the current drought allocation plan.