Stochastic modelling of reservoir operations

Stochastic modelling of reservoir operations

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Article ID: iaor1993458
Country: Netherlands
Volume: 50
Issue: 3
Start Page Number: 235
End Page Number: 248
Publication Date: Feb 1991
Journal: European Journal of Operational Research
Authors: ,
Keywords: storage, stochastic processes, water
Abstract:

The nature of hydrologic parameters in reservoir management models is uncertain. In mathematical programming models the uncertainties are dealt with either indirectly (sensitivity analysis of a determinsitic model) or directly by applying a chance-constrained type of formulation or some of the stochastic programming techniques (LP and DP based models). Various approaches are reviewed in the paper. Moran’s theory of storage is an alternative stochastic modelling approach to mathematical programming techniques. The basis of the approach and its application is presented. Reliability programming is a stochastic technique based on the chance-constrained approach, where the reliabilities of the chance constraints are considered as extra decision variables in the model. The problem of random event treatment in the reservoir management model formulation using reliability programming is addressed in this paper.

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