Deriving Hedging Rules of Multi-Reservoir System by Online Evolving Neural Networks

Alireza Dariane () and Farzane Karami

Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), 2014, vol. 28, issue 11, 3665 pages

Abstract: This paper presents an online optimization scheme for combined use of Artificial Neural Networks (ANN), hedging policies and harmony search algorithm (HS) in developing optimum operating policies for Tehran water resources system. Past efforts in this area are concentrated on using an offline approach. In that approach, an optimization method is first used to derive a long-term set of optimum reservoir releases. These releases are then used as the target vector for training the ANN model. The online method simultaneously uses the optimization and ANN methods and can adopt objective functions other than minimizing the error indices. Therefore, it requires methods other than the backpropagation for training the ANN model. Hence, under the proposed online approach the application of a heuristic method, such as HS, is inevitable for training the network. This is accomplished by using an optimization-simulation procedure where different objective functions and system constraints could be easily handled. The proposed approach is a novel and efficient method for finding the parameters of hedging policies where earlier methods suffered from high computational costs and the curse of dimensionality. The results show the superiority of the proposed online scheme. Moreover, a surrogate model for the hedging policy is presented, which by adhering to the principle of parsimony is more efficient in large scale systems involving many decision variables. Copyright Springer Science+Business Media Dordrecht 2014

Keywords: Artificial neural networks; Hedging rule; Harmony search; Optimization; Multi-reservoir system; Evolutionary optimization; Evolving ANN (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (9)

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DOI: 10.1007/s11269-014-0693-0

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