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Multi-Objective Simulation-Optimization Model for Long-term Reservoir Operation using Piecewise Linear Hedging Rule

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  • K. Srinivasan

    (Indian Institute of Technology Madras)

  • Kranthi Kumar

    (Indian Institute of Technology Madras)

Abstract

An efficiently parameterized and appropriately structured piecewise linear hedging rule is formulated and included within a multi-objective simulation-optimization (S-O) framework that seeks to obtain Pareto-optimal solutions for the long-term hedged operation of a single water supply reservoir. Two conflicting objectives, namely, “minimize the total shortage ratio” and “minimize the maximum shortage” are considered in the S-O framework, while explicit specification of constraints is avoided in the optimization module. Evolutionary search based non-dominated sorting genetic algorithm is used as the driver, which is linked to the simulation engine that invokes the piecewise linear hedging rule within the S-O framework. Preconditioning of the multi-objective stochastic search of the time-varying piecewise linear hedging model is effected by feeding initial feasible solutions sampled from the Pareto-optimal front of a simple constant hedging parameter model, which has resulted in significant improvement of the Pareto-optimality and the computational efficiency.

Suggested Citation

  • K. Srinivasan & Kranthi Kumar, 2018. "Multi-Objective Simulation-Optimization Model for Long-term Reservoir Operation using Piecewise Linear Hedging Rule," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 32(5), pages 1901-1911, March.
    • Handle: RePEc:spr:waterr:v:32:y:2018:i:5:d:10.1007_s11269-018-1911-y
    DOI: 10.1007/s11269-018-1911-y
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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.
    2. Juran Ahmed & Arup Sarma, 2005. "Genetic Algorithm for Optimal Operating Policy of a Multipurpose Reservoir," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 19(2), pages 145-161, April.
    3. Deepti Rani & Maria Moreira, 2010. "Simulation–Optimization Modeling: A Survey and Potential Application in Reservoir Systems Operation," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 24(6), pages 1107-1138, April.
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    Cited by:

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    3. Aadhityaa Mohanavelu & Bankaru-Swamy Soundharajan & Ozgur Kisi, 2022. "Modeling Multi-objective Pareto-optimal Reservoir Operation Policies Using State-of-the-art Modeling Techniques," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(9), pages 3107-3128, July.
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    5. Mahboubeh Khorsandi & Parisa-Sadat Ashofteh & Firoozeh Azadi & Xuefeng Chu, 2022. "Multi-Objective Firefly Integration with the K-Nearest Neighbor to Reduce Simulation Model Calls to Accelerate the Optimal Operation of Multi-Objective Reservoirs," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(9), pages 3283-3304, July.
    6. Hojat Karami & Saeed Farzin & Aylin Jahangiri & Mohammad Ehteram & Ozgur Kisi & Ahmed El-Shafie, 2019. "Multi-Reservoir System Optimization Based on Hybrid Gravitational Algorithm to Minimize Water-Supply Deficiencies," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 33(8), pages 2741-2760, June.
    7. Abolfazl Baniasadi Moghadam & Hossein Ebrahimi & Abbas Khashei Siuki & Abolfazl Akbarpour, 2022. "Reliability-based Operation of Reservoirs Using Combined Monte Carlo Simulation Model and a Novel Nature-inspired Algorithm," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(12), pages 4447-4468, September.

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