One significant problem of transboundary river basins causing various challenges\nand disputes throughout the world is that because of increasing water resource\nvariability and consumption, the water demand often exceeds water availability.\nHence, one of the main challenges in transboundary river basin management is how\nto allocate the available water among the riparian states equitably and reasonably. In\nthis study, we propose a novel weighted bankruptcy solution method to cope with the\nproblem of demands or B claims^ exceeding resources or Bassets^. Certain desirable\nkey properties of the proposed method are provided. Furthermore, we investigate its\napplication to the Tigris River, a shared river among Turkey, Syria and Iraq, as a real\ncase. The available water is allocated under two different situations: homogeneous and\nheterogeneous group. We use the Shapley Value and compare the solution with other\nallocation methods applied in this study. The results suggest that this new rule may\nfacilitate negotiation in solving conflict over the allocation of water in transboundary\nriver basins.
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