A two-stage simulation/mathematical programming model is presented for determining the optimal intraseasonal allocation of irrigation water under conditions of limited water supply. The model is applied to a series of water shortage scenarios under both surface and center pivot irrigation. Economically efficient irrigation management is shown to involve the coordination of a number of managerial decisions, including irrigation scheduling, crop substitution, the adoption of improved irrigation labor practices, and idling land. The results indicate that significant opportunities exist for conserving water in the study area under both surface and center pivot irrigation.