<p>Streamflow forecasts include uncertainties related with initial conditions, model forcings, hydrological model structure and parameters. Ensemble streamflow forecasts can capture forecast uncertainties by having spread forecast members. Integration of these forecast members into real-time operational decision models which deals with different objectives such as flood control, water supply or energy production are still rare. This study aims to use ensemble streamflows as input of the recurrent reservoir operation problem which can incorporate (i) forecast uncertainty, (ii) forecasts with a higher lead-time and (iii) a higher stability. A related technique for decision making is multi-stage stochastic optimization using scenario trees, referred to as Tree-based Model Predictive Control (TB-MPC). This approach reduces the number of ensemble members by its tree generation algorithms using all trajectories and then proper problem formulation is set by Multi-Stage Stochastic Programming. The method is relatively new in reservoir operation, especially closed-loop hindcasting experiments and its assessment is quite rare in the literature. The aim of this study is to set a TB-MPC based real-time reservoir operation with hindcasting experiments. To that end, first hourly deterministic streamflows having one single member are produced using an observed flood hydrograph. Deterministic forecasts are tested with conventional deterministic optimization setup. Secondly, hourly ensemble streamflow forecasts having a lead-time up to 48 hours are produced by a novel approach which explicitly presents dynamic uncertainty evolution. Produced ensemble members are directly provided to input to related technique. Uncertainty becomes much larger when managing small basins and small rivers. Thus, the methodology is applied to the Yuvacik dam reservoir, fed by a catchment area of 258 km<sup>2</sup> and located in Turkey, owing to its challenging flood control and water supply operation due to downstream flow constraints. According to the results, stochastic optimization outperforms conventional counterpart by considering uncertainty in terms of flood metrics without discarding water supply purposes. The closed-loop hindcasting experiment scenarios demonstrate the robustness of the system developed against biased information. In conclusion, ensemble streamflows produced from single member can be employed to TB-MPC for better real-time management of a reservoir control system.</p>
Banks' Micro Enterprises Loan Credit Risk Decision-making Model Innovation in the Era of Big Data and Internet Finance
