Water resources expert Alvaro Hernandez is visiting SMART this month, as a guest of Dr Juan Castilla.
Alvaro is currently a PhD candidate in the Engineering of Complex Systems at Adolfo Ibanez University in Santiago, Chile.
The focus of his research is the economic studies of water markets as an allocating mechanism and water policy.
He is developing a simulation model that allows responses to questions, such as: Are water markets an efficient water policy to assign water? Do speculative behaviour of some actors distorts the objective as water policy? Would price mechanisms improve the efficiency in the water allocation?
“Water markets are systems of non-linear behaviour with heterogeneous agents that are developed in an environment where activities co-exist, which interact with themselves, and with the environmental variables,” Alvaro says.
“Thus, water markets (perfect and imperfect) can be better modelled from the perspective of complex systems to represent their behaviour and that of their actors through simulations obtained from an agent-based model to evaluate water policies on different scenarios.”
He has vast experience in water mining in Chile, and will be working with Dr Castilla on his work to manage water resources in two of the driest areas in that country.
Alvaro will be at SMART until June 28.