Water and food are facing increasing demand worldwide. This increase is significant in mountainous regions where glaciers are melting, and water availability is in danger. Food demand has also increased with the population growth. This study sought to evaluate relationships between water supply and food demand in a community located in the Peruvian Andes mountainous region. The developed methodology reveals a practical way to identify future problems with food availability. Water supply was evaluated using historical precipitation data. On the other hand, water demand was estimated using meteorological data. Irrigated areas were determined using 2019 agricultural data from the local government. Food consumption was evaluated using a 2019 per capita regional consumption. Results show a water deficit for the current agricultural demand for ten out of the twelve months. The potato was the m...

The soaring number of natural hazards in recent years due largely to climate change has resulted in an even higher level of investment in flood protection structures. However, such investments tend to be made in the aftermath of disasters. Very little is known about the proactive planning of flood protection investments that account for uncertainties associated with flooding events. Understanding the uncertainties such as “when” to invest on these structures to achieve the most optimal cost-saving amount is outmost important. This study fills this large knowledge gap by developing an investment decision-making assessment framework that determines an optimal timing of flood protection investment options. It combines real options with a net present value analysis to examine managerial flexibility in various investment timing options. Historical data that contain information about river...