IDEAS home Printed from https://ideas.repec.org/a/spr/waterr/v37y2023i3d10.1007_s11269-023-03426-y.html
   My bibliography  Save this article

Risk Management Decision of Reservoir Dams Based on the Improved Life Quality Index

Author

Listed:
  • Hexiang Zhang

    (Zhengzhou University
    Zhengzhou University)

  • Wei Ge

    (Zhengzhou University
    Zhengzhou University
    Yellow River Engineering Consulting Co., Ltd.)

  • Yadong Zhang

    (Zhengzhou University
    Zhengzhou University)

  • Zongkun Li

    (Zhengzhou University
    Zhengzhou University)

  • Wei Li

    (Zhengzhou Railway Vocational and Technical College)

  • Junyu Zhu

    (Zhengzhou University
    Zhengzhou University)

  • Wenqi Wang

    (Zhengzhou University
    Zhengzhou University)

Abstract

While reservoir dams have created significant social and economic benefits, dam failure caused by various reasons bring about great threats to the downstream areas. Many countries determine management investment according to the risk level of reservoir dams and the “as low as reasonably practicable” (ALARP) principle. However, life cannot be directly quantified in currency, and the traditional “cost-benefit” method cannot be effectively applied to reservoir dam management decisions. Hence, the life quality index (LQI) was introduced and improved to solve this problem based on the targeted analysis of the parameters of the life quality index, considering the fact that the per capita GDP changes over time. Without monetary quantification of life, an annual economic investment was determined to effectively control the risk level of the reservoir dam in a certain period of time in the future to ensure people’s life safety and quality of life. The improved LQI method was applied to a small-scale reservoir in China. The results showed that (a) the annual investment in dam risk management calculated by the improved LQI method was 20.07% higher than that of the traditional LQI method; (b) the annual investment in dam management changed 24 times due to changes in warning time and public risk awareness; and (c) dam management investment should be used not only to ensure the safety of the structure but also to improve early warning capacity and public risk awareness. This study focuses on how to reasonably determine the management investment of reservoir dams when the dam risk is in the ALARP region, which can effectively promote the application of dam risk standards.

Suggested Citation

  • Hexiang Zhang & Wei Ge & Yadong Zhang & Zongkun Li & Wei Li & Junyu Zhu & Wenqi Wang, 2023. "Risk Management Decision of Reservoir Dams Based on the Improved Life Quality Index," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 37(3), pages 1223-1239, February.
    • Handle: RePEc:spr:waterr:v:37:y:2023:i:3:d:10.1007_s11269-023-03426-y
    DOI: 10.1007/s11269-023-03426-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11269-023-03426-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11269-023-03426-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Beatriz Larraz & Enrique San-Martin, 2021. "A Tale of Two Dams: The Impact of Reservoir Management on Rural Depopulation in Central Spain," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 35(14), pages 4769-4787, November.
    2. Li, Xiang & Qi, Xiangtong & Li, Yongjian, 2021. "On sales effort and pricing decisions under alternative risk criteria," European Journal of Operational Research, Elsevier, vol. 293(2), pages 603-614.
    3. Danuta Piróg & Joanna Fidelus-Orzechowska & Łukasz Wiejaczka, 2022. "Local Authority vs Community Visions of Dam Project Land Development: a Text Mining Approach," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(6), pages 1833-1848, April.
    4. Niels Lind, 2021. "Objective Inequality Indexes Joining Income with Life Expectancy Through the Life Quality Index of Sub-populations," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(3), pages 781-794, February.
    5. Yantao Zhu & Xinqiang Niu & Chongshi Gu & Bo Dai & Lixian Huang & Narayanan Kumarappan, 2021. "A Fuzzy Clustering Logic Life Loss Risk Evaluation Model for Dam-Break Floods," Complexity, Hindawi, vol. 2021, pages 1-14, February.
    6. Wei Ge & Zongkun Li & Wei Li & Meimei Wu & Juanjuan Li & Yipeng Pan, 2020. "Risk evaluation of dam-break environmental impacts based on the set pair analysis and cloud model," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 104(2), pages 1641-1653, November.
    7. Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(2), pages 137-150.
    8. Wang, Te & Li, Zongkun & Ge, Wei & Zhang, Hua & Zhang, Yadong & Sun, Heqiang & Jiao, Yutie, 2023. "Risk consequence assessment of dam breach in cascade reservoirs considering risk transmission and superposition," Energy, Elsevier, vol. 265(C).
    9. Skinner, Jonathan, 1985. "Variable Lifespan and the Intertemporal Elasticity of Consumption," The Review of Economics and Statistics, MIT Press, vol. 67(4), pages 616-623, November.
    10. Yantao Zhu & Xinqiang Niu & Chongshi Gu & Bo Dai & Lixian Huang, 2021. "Corrigendum to “A Fuzzy Clustering Logic Life Loss Risk Evaluation Model for Dam-Break Floodsâ€," Complexity, Hindawi, vol. 2021, pages 1-1, December.
    11. Meimei Wu & Wei Ge & Zening Wu & Xi Guo & Danyang Di & Shuoqiao Huang, 2020. "Evaluation of the Benefits of Urban Water Resource Utilization Based on the Catastrophe and Emergy Methods," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 34(6), pages 1843-1853, April.
    12. Yantao Zhu & Xinqiang Niu & Chongshi Gu & Dashan Yang & Qiang Sun & E. Fernandez Rodriguez, 2020. "Using the DEMATEL-VIKOR Method in Dam Failure Path Identification," IJERPH, MDPI, vol. 17(5), pages 1-21, February.
    13. Chakaphon Singto & Martijn Vries & Gert Jan Hofstede & Luuk Fleskens, 2021. "Ex Ante Impact Assessment of Reservoir Construction Projects for Different Stakeholders Using Agent-Based Modeling," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 35(3), pages 1047-1064, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Boran Zhu & Junqiang Lin & Yi Liu & Di Zhang & Qidong Peng & Yufeng Ren & Jiejie Chen & Yi Xu, 2024. "Multi-Risk Interaction Analysis of Cascade Hydropower Stations Based on System Dynamics Simulation," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 38(1), pages 45-62, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Te & Li, Zongkun & Ge, Wei & Zhang, Hua & Zhang, Yadong & Sun, Heqiang & Jiao, Yutie, 2023. "Risk consequence assessment of dam breach in cascade reservoirs considering risk transmission and superposition," Energy, Elsevier, vol. 265(C).
    2. Anikó Bíró, 2013. "Subjective mortality hazard shocks and the adjustment of consumption expenditures," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(4), pages 1379-1408, October.
    3. Hubbard, R. Glenn & Skinner, Jonathan & Zeldes, Stephen P., 1994. "The importance of precautionary motives in explaining individual and aggregate saving," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 59-125, June.
    4. Martin Salm, 2010. "Subjective mortality expectations and consumption and saving behaviours among the elderly," Canadian Journal of Economics, Canadian Economics Association, vol. 43(3), pages 1040-1057, August.
    5. Rodepeter, Ralf, 1997. "Identifikation von Sparprofilen im Lebenszyklus," Papers 97-01, Sonderforschungsbreich 504.
    6. Sanna Nivakoski, 2020. "Wealth and the effect of subjective survival probability," Journal of Population Economics, Springer;European Society for Population Economics, vol. 33(2), pages 633-670, April.
    7. Gan, Li & Gong, Guan & Hurd, Michael & McFadden, Daniel, 2015. "Subjective mortality risk and bequests," Journal of Econometrics, Elsevier, vol. 188(2), pages 514-525.
    8. Gan, Li & Gong, Guan & Hurd, Michael & McFadden, Daniel, 2015. "Subjective mortality risk and bequests," Department of Economics, Working Paper Series qt88p5f2qz, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    9. Rodepeter, Ralf & Winter, Joachim, 1998. "Savings decisions under life-time and earnings uncertainty : empirical evidence from West German household data," Papers 98-58, Sonderforschungsbreich 504.
    10. Hubbard, R Glenn & Skinner, Jonathan & Zeldes, Stephen P, 1995. "Precautionary Saving and Social Insurance," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 360-399, April.
    11. Siu Fai Leung, 1995. "A distinction between continuous-time and discrete-time models of uncertain lifetime," Economics Letters, Elsevier, vol. 47(3-4), pages 291-296, March.
    12. Miloš Milašinović & Damjan Ivetić & Milan Stojković & Dragan Savić, 2023. "Failure Conditions Assessment of Complex Water Systems Using Fuzzy Logic," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 37(3), pages 1153-1182, February.
    13. Lei He & Shuyi Zhou & Zilan Liu, 2020. "How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 67(4), pages 499-512, December.
    14. Ben Heijdra & Laurie Reijnders, 2013. "Economic Growth and Longevity Risk with Adverse Selection," De Economist, Springer, vol. 161(1), pages 69-97, March.
    15. Xin Yang & Yan Xiang & Guangze Shen & Meng Sun, 2022. "A Combination Model for Displacement Interval Prediction of Concrete Dams Based on Residual Estimation," Sustainability, MDPI, vol. 14(23), pages 1-17, November.
    16. Lei He & Shuyi Zhou & Zilan Liu, 0. "How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 0, pages 1-14.
    17. Mengyuan Zhou, 2022. "Does the Source of Inheritance Matter in Bequest Attitudes? Evidence from Japan," Journal of Family and Economic Issues, Springer, vol. 43(4), pages 867-887, December.
    18. Markku Ollikainen, 1998. "Sustainable Forestry: Timber Bequests, Future Generations and Optimal Tax Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(3), pages 255-273, October.
    19. An Chen & Thai Nguyen & Thorsten Sehner, 2022. "Unit-Linked Tontine: Utility-Based Design, Pricing and Performance," Risks, MDPI, vol. 10(4), pages 1-27, April.
    20. Jiang Cheng & Lu Yu, 2019. "Life and health insurance consumption in China: demographic and environmental risks," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(1), pages 67-101, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:waterr:v:37:y:2023:i:3:d:10.1007_s11269-023-03426-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.