hedging rule
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Water ◽  
2021 ◽  
Vol 13 (19) ◽  
pp. 2737
Author(s):  
Ehsan Mostaghimzadeh ◽  
Seyed Mohammad Ashrafi ◽  
Arash Adib ◽  
Zong Woo Geem

Today, variable flow pattern, which uses static rule curves, is considered one of the challenges of reservoir operation. One way to overcome this problem is to develop forecast-based rule curves. However, managers must have an estimate of the influence of forecast accuracy on operation performance due to the intrinsic limitations of forecast models. This study attempts to develop a forecast model and investigate the effects of the corresponding accuracy on the operation performance of two conventional rule curves. To develop a forecast model, two methods according to autocorrelation and wrapper-based feature selection models are introduced to deal with the wavelet components of inflow. Finally, the operation performances of two polynomial and hedging rule curves are investigated using forecasted and actual inflows. The results of applying the model to the Dez reservoir in Iran visualized that a 4% improvement in the correlation coefficient of the coupled forecast model could reduce the relative deficit of the polynomial rule curve by 8.1%. Moreover, with 2% and 10% improvement in the Willmott and Nash—Sutcliffe indices, the same 8.1% reduction in the relative deficit can be expected. Similar results are observed for hedging rules where increasing forecast accuracy decreased the relative deficit by 15.5%. In general, it was concluded that hedging rule curves are more sensitive to forecast accuracy than polynomial rule curves are.


Water ◽  
2021 ◽  
Vol 13 (15) ◽  
pp. 1995
Author(s):  
Alireza B. Dariane ◽  
Mohammad M. Sabokdast ◽  
Farzane Karami ◽  
Roza Asadi ◽  
Kumaraswamy Ponnambalam ◽  
...  

In this paper, a many-objective optimization algorithm was developed using SPEA2 for a system of four reservoirs in the Karun basin, including hydropower, municipal and industrial, agricultural, and environmental objectives. For this purpose, using 53 years of available data, hedging rules were developed in two modes: with and without applying fuzzy logic. SPEA2 was used to optimize hedging coefficients using the first 43 years of data and the last 10 years of data were used to test the optimized rule curves. The results were compared with those of non-hedging methods, including the standard operating procedures (SOP) and water evaluation and planning (WEAP) model. The results indicate that the combination of fuzzy logic and hedging rules in a many-objectives system is more efficient than the discrete hedging rule alone. For instance, the reliability of the hydropower requirement in the fuzzified discrete hedging method in a drought scenario was found to be 0.68, which is substantially higher than the 0.52 from the discrete hedging method. Moreover, reduction of the maximum monthly shortage is another advantage of this rule. Fuzzy logic reduced 118 million cubic meters (MCM) of deficit in the Karun-3 reservoir alone. Moreover, as expected, the non-hedging SOP and WEAP model produced higher reliabilities, lower average storages, and less water losses through spills.


2021 ◽  
Author(s):  
Gi Joo Kim ◽  
Young-Oh Kim

Abstract This study aims compares how different formulations of a reservoir operation problem with conflicting objectives affect the quality of the generated solution set. Six models were developed for comparative analysis: three using dynamic programming (DP) and three using the evolutionary multi-objective direct policy search (EMODPS) algorithm. Afterward, to improve the quality of the generated solution set, an EMODPS model was selected and coupled with zone-based hedging policy that is currently being applied in real-world reservoir operations. The solutions generated by each model were then evaluated regarding proximity to the ideal and three eminent performance indices (risk, resiliency, and vulnerability). The proposed methodology was applied to a multi-purpose reservoir located in South Korea, Boryeong Dam, which had suffered a multi-year drought recently. Consequently, the solution sets from the EMODPS model yielded closer results than those of the stochastic DP model for optimality and diversity. Although the solutions from the algorithm performed better than actual operation results under normal conditions, the actual operations executed based on the zone-based hedging rule outperformed the other two in case of droughts. Among the EMODPS models, one with the fewest parameters, the EMODPS-Gaussian model, resulted in better solutions for all cases. Finally, coupling the real-world policy with the optimally derived solutions in the case of droughts improved the frequency, duration, and magnitude of the water supplies whereas the water users experienced an improvement in scale at the expense of more recurrent failures.


Water ◽  
2019 ◽  
Vol 11 (3) ◽  
pp. 419 ◽  
Author(s):  
Baohui Men ◽  
Zhijian Wu ◽  
Yangsong Li ◽  
Huanlong Liu

When the water supply capacity of the reservoir is small, hedge rule (HR) can be applied to reduce the risk of unacceptably large damage from water shortage during drought. Moreover, in water-receiving areas of water diversion project, it is important to reduce transfer based on HR when the water-receiving area is in a wet period so as to reduce the water transfer cost. This paper improved the traditional HR and proposed a new kind of hedging rule named joint hedging rule (JHR). JHR was applied to Yuqiao Reservoir of Tianjin in China and was compared with HR and standard operation policy (SOP) as two control groups. The result indicates that JHR performs better than HR and SOP, which cannot only mitigate the risk of unacceptably large damage from water shortage by one hedge process but also reduce the transferred water by another hedge process. In addition, the number of days of different water shortage, the storage ratio at the end of the year, and transferred water result indicates that JHR is of high reliability and practicability.


2018 ◽  
Vol 7 (3.12) ◽  
pp. 594
Author(s):  
K Sasireka ◽  
T R Neelakantan ◽  
S Suriyanarayanan

Reservoir operation plays an important role in the economic development of a region. The storage reservoirs are not only useful for supplying water for municipal and irrigation purpose, but also act as a protection barrier form flood, and the stored water can be used for generation of electricity power as well. To meet the objectives for which the reservoir was planned, it is vital to formulate guidelines for the operation of reservoir. This can be achieved by systematic operation of the system, and by the use of systematic and simplified rule curve for the operation of reservoir. Hedging rules are popular in drinking and irrigation water supply. Application of hedging is now gaining focus for hydropower power reservoir operation. In the present study, attempt has been made to formulate a new operating rule for multipurpose reservoir using hedging rules and the developed model was applied to a case study of Bargi reservoir in the Narmada basin in India. In order to increase the reliability of water supply for municipal, irrigation and average annual power production, the new operating rule has been developed using Standard Operation Policy (SOP) and hedging rule according to the priority of release for different purposes. The hedging rule based simulation model satisfies 97.5% of municipal water supply which is more than 8.25% of the present operational policy. The spill of the reservoir is decreased by 57 % compared to present policy. The performances of different hedging rules were compared with that of a new standard operating policies and the superiority of the hedging rules are discussed in this paper. 


2017 ◽  
Vol 18 (2) ◽  
pp. 622-629 ◽  
Author(s):  
Jing Wang ◽  
Tiesong Hu ◽  
Xiang Zeng ◽  
Muhammad Yasir

Abstract A two-period model is widely used to derive optimal hedging rules for reservoir water supply operation, often with storage targets as the goal to conserve water for future use. However, the predetermined storage targets adopted in the two-period model result in shortsighted decisions without considering the control of long-term reservoir operation. The purpose of this paper is to propose a new model to seek a more promising water supply operation policy by embedding the hedging rule derived from the two-period model in an optimization program for storage targets. Two modules are incorporated in the new model: the two-period model for optimizing water release decisions in each period with given storage targets and the optimization module to determine the optimal values of storage targets for connecting different periods. The Xujiahe water supply system is taken as a case study to verify the effectiveness of the proposed model. The results demonstrate that the new model is superior to others based on standard operation policy or rule curves during droughts and reduces the maximum water shortage.


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