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An Optimal Policy for Operating a Multipurpose Reservoir

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  • C. Bradley Russell

    (Clemson University, Clemson, South Carolina)

Abstract

This paper presents an analytically determined general optimal policy for operating a multipurpose reservoir and depicts it in graphical form. Piecewise linear cost functions are used to describe downstream flow costs, reservoir level costs, and costs incurred in meeting and not meeting power demands, the cost parameters involved in these functions being left arbitrary to allow wide applicability. The paper assumes random inflows into the reservoir, known power demands, and the availability of a finite-capacity auxiliary power source. It uses dynamic programming as an analytical, as opposed to numerical, tool in determining the general form of an optimal operating policy for this model.

Suggested Citation

  • C. Bradley Russell, 1972. "An Optimal Policy for Operating a Multipurpose Reservoir," Operations Research, INFORMS, vol. 20(6), pages 1181-1189, December.
    • Handle: RePEc:inm:oropre:v:20:y:1972:i:6:p:1181-1189
    DOI: 10.1287/opre.20.6.1181
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    Cited by:

    1. Idrisov, Georgy (Идрисов, Георгий) & Ponomarev, Yury (Пономарев, Юрий) & Pleskachev, Yury Andreevich (Плескачев, Юрий Андреевич), 2016. "Analysis of Joint Exchange Rate Pass-Through and Import Duty Rates in the Russian Economy [Анализ Совместного Эффекта Переноса Обменного Курса И Ввозных Пошлин В Цены В Российской Экономике]," Working Papers 1666, Russian Presidential Academy of National Economy and Public Administration.
    2. A. Lust & K.-H. Waldmann, 2019. "A general storage model with applications to energy systems," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 41(1), pages 71-97, March.

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