Exact and Approximate Solutions of Affine Reservoir Models

Bernard F. Lamond and Matthew J. Sobel
Additional contact information
Bernard F. Lamond: Université Laval, Quebec, Canada
Matthew J. Sobel: State University of New York at Stony Brook, Stony Brook, New York

Operations Research, 1995, vol. 43, issue 5, 771-780

Abstract: We formulate an optimization model of a multiple reservoir water resource system that encompasses interbasin transfers among two or more river basins. Autocorrelated inflows are modeled with a linear autoregressive stochastic process. Benefits for each period are assumed to depend separably on storage levels and discharges with the dependence on discharges being linear. For the important special case of a single river basin, a myopic policy (hence, computed easily) is optimal. When the model includes the possibility of interbasin transfers, a myopic policy is optimal if the deterministic and stochastic portions of the inflow process are always nonnegative. Even if this assumption is not valid, myopic policies yield useful bounds.

Keywords: dynamic programming; applications: river basin reservoirs; natural resources; water resources: reservoir discharges (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.43.5.771 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:43:y:1995:i:5:p:771-780

Access Statistics for this article

More articles in Operations Research from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().