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Effect of Hedging on Over-Year Reservoir Performance

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  • K. Srinivasan
  • M. Philipose

Abstract

Based on a detailed Monte-Carlo simulation, the effects of hedging parameters namely, starting water availability (SWA), ending water availability (EWA) and hedging factor (HF) on reservoir storage performance indicators have been investigated within the storage-yield plane of over-year reservoirs. Also, trade-off relationships between the various storage performance indicators are developed and selection of reasonable compromising hedging policies based on performance criteria is attempted for over-year reservoirs. Regions within the storage-yield plane of over-year reservoirs where hedging would be effective are identified. This would help the reservoir managers in mitigating the severity during long stretched critical drought periods. Copyright Kluwer Academic Publishers 1998

Suggested Citation

  • K. Srinivasan & M. Philipose, 1998. "Effect of Hedging on Over-Year Reservoir Performance," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 12(2), pages 95-120, April.
    • Handle: RePEc:spr:waterr:v:12:y:1998:i:2:p:95-120
    DOI: 10.1023/A:1007936115706
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    References listed on IDEAS

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    1. Shih, Jhih-Shyang & ReVelle, Charles, 1995. "Water supply operations during drought: A discrete hedging rule," European Journal of Operational Research, Elsevier, vol. 82(1), pages 163-175, April.
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    Cited by:

    1. Soe Thiha & Asaad Y. Shamseldin & Bruce W. Melville, 2022. "Improving the Summer Power Generation of a Hydropower Reservoir Using the Modified Multi-Step Ahead Time-Varying Hedging Rule," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(3), pages 853-873, February.
    2. Jenq-Tzong Shiau & Yen-Ning Hung & Huei-Er Sie, 2018. "Effects of Hedging Factors and Fuzziness on Shortage Characteristics During Droughts," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 32(5), pages 1913-1929, March.
    3. T. Neelakantan & N. Pundarikanthan, 1999. "Hedging Rule Optimisation for Water Supply Reservoirs System," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 13(6), pages 409-426, December.
    4. Seung Beom Seo & Young-Oh Kim & Shin-Uk Kang, 2019. "Time-Varying Discrete Hedging Rules for Drought Contingency Plan Considering Long-Range Dependency in Streamflow," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 33(8), pages 2791-2807, June.
    5. J. Shiau & H. Lee, 2005. "Derivation of Optimal Hedging Rules for a Water-supply Reservoir through Compromise Programming," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 19(2), pages 111-132, April.
    6. Hui Wang & Junguo Liu, 2013. "Reservoir Operation Incorporating Hedging Rules and Operational Inflow Forecasts," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(5), pages 1427-1438, March.
    7. Rui Hui & Jay Lund & Jianshi Zhao & Tongtiegang Zhao, 2016. "Optimal Pre-storm Flood Hedging Releases for a Single Reservoir," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(14), pages 5113-5129, November.
    8. Xiang Zeng & Tiesong Hu & Xuning Guo & Xinjie Li, 2014. "Water Transfer Triggering Mechanism for Multi-Reservoir Operation in Inter-Basin Water Transfer-Supply Project," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 28(5), pages 1293-1308, March.
    9. Xuning Guo & Tiesong Hu & Conglin Wu & Tao Zhang & Yibing Lv, 2013. "Multi-Objective Optimization of the Proposed Multi-Reservoir Operating Policy Using Improved NSPSO," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(7), pages 2137-2153, May.
    10. A. Adeloye & M. Montaseri, 1999. "Predicting Critical Period to Characterise Over-Year and Within-Year Reservoir Systems," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 13(6), pages 383-407, December.
    11. Alireza Dariane & Farzane Karami, 2014. "Deriving Hedging Rules of Multi-Reservoir System by Online Evolving Neural Networks," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 28(11), pages 3651-3665, September.
    12. J. Shiau, 2003. "Water Release Policy Effects on the Shortage Characteristics for the Shihmen Reservoir System during Droughts," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 17(6), pages 463-480, December.

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