Sustainable management of water resources in Prokletije region

Abstract

The main goal of this paper is the upgrading of classic economic analyses of optimal concept selection of small hydro development. Techno-economic small hydro system needs to be environmentally friendly and socially acceptable solution. Environmental and social parameters are quantified by Delphi method. They are results of Environmental and Social impact assessment study of the project. Environmental and social parameters are incorporated in the techno-economic analyses of the optimal sustainable concept of small hydro development, by Electre method, as a possible multi-attributive operational research model. System of small hydro power plants optimization for Prokletije streams catchments area is case study where the developed model is tested and proved. Economic cost and total investment of fifteen possible small hydro power plants have been upgraded with quantified environmental and social parameters and analyzed in the function of sustainable economic development of Prokletije region. The main contribution of this research is quantification of social and environmental parameters and their simultaneous and equal incorporation with technical and economical parameters into mathematical model for decision making process, which enables sustainability.