Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1029/2017WR022336 |
Estimating the Economic Value of Interannual Reservoir Storage in Water Resource Systems | |
Khadem, M.1; Rouge, C.1,2; Harou, J. J.1,3; Hansen, K. M.4; Medellin-Azuara, J.5; Lund, J. R.6 | |
2018-11-01 | |
发表期刊 | WATER RESOURCES RESEARCH
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ISSN | 0043-1397 |
EISSN | 1944-7973 |
出版年 | 2018 |
卷号 | 54期号:11页码:8890-8908 |
文章类型 | Article |
语种 | 英语 |
国家 | England; USA |
英文摘要 | Reservoir operators face pressures on timing releases of water. Releasing too much water immediately can threaten future supplies and costs, but not releasing enough creates immediate economic hardship downstream. This paper examines how the economic valuation of end-of-year carryover storage can lead to optimal amounts of carryover storage in complex large water resource systems. Economic carryover storage value functions (COSVFs) are developed to represent the value of storage in the face of interannual inflow uncertainty and variability within water resource optimization models. The approach divides a perfect foresight optimization problem into year-long (limited foresight) subproblems solved sequentially by a within-year optimization engine to find optimal short-term operations. The final storage state from the previous year provides the initial condition to each annual problem, and end-of-year COSVFs are the final condition. Here the COSVF parameters that maximize the interannual benefits from river basin operations are found by evolutionary search. This generalized approach can handle nonconvexity in large-scale water resources systems. The approach is illustrated with a regional model of the California Central Valley water system including 30 reservoirs, 22 aquifers, and 51 urban and agricultural demand sites. Head-dependent pumping costs make the optimization problem nonconvex. Optimized interannual reservoir operation improves over more cautious operation in the historical approximation, reducing the average annual scarcity volume and costs by 80% and 98%, respectively, with more realistic representation of hydrologic foresight for California's Mediterranean climate. The economic valuation of storage helps inform water storage decisions. |
领域 | 资源环境 |
收录类别 | SCI-E |
WOS记录号 | WOS:000453369400019 |
WOS关键词 | ENDING GROUNDWATER OVERDRAFT ; DYNAMIC-PROGRAMMING MODELS ; COMBINED GENETIC ALGORITHM ; LONG-TERM ; SUPPLY SYSTEM ; OPTIMIZATION ; MANAGEMENT ; OPERATION ; IRRIGATION ; PERFORMANCE |
WOS类目 | Environmental Sciences ; Limnology ; Water Resources |
WOS研究方向 | Environmental Sciences & Ecology ; Marine & Freshwater Biology ; Water Resources |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/20429 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Manchester, Sch Mech Aerosp & Civil Engn, Manchester, Lancs, England; 2.Univ Sheffield, Dept Civil & Struct Engn, Sheffield, S Yorkshire, England; 3.UCL, Dept Civil Environm & Geomat Engn, London, England; 4.Univ Wyoming, Dept Agr & Appl Econ, Laramie, WY 82071 USA; 5.Univ Calif Merced, Sch Engn, Merced, CA USA; 6.Univ Calif Davis, Dept Civil & Environm Engn, Davis, CA USA |
推荐引用方式 GB/T 7714 | Khadem, M.,Rouge, C.,Harou, J. J.,et al. Estimating the Economic Value of Interannual Reservoir Storage in Water Resource Systems[J]. WATER RESOURCES RESEARCH,2018,54(11):8890-8908. |
APA | Khadem, M.,Rouge, C.,Harou, J. J.,Hansen, K. M.,Medellin-Azuara, J.,&Lund, J. R..(2018).Estimating the Economic Value of Interannual Reservoir Storage in Water Resource Systems.WATER RESOURCES RESEARCH,54(11),8890-8908. |
MLA | Khadem, M.,et al."Estimating the Economic Value of Interannual Reservoir Storage in Water Resource Systems".WATER RESOURCES RESEARCH 54.11(2018):8890-8908. |
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