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DOI10.1002/2016WR019552
Optimizing multiple reliable forward contracts for reservoir allocation using multitime scale streamflow forecasts
Lu, Mengqian1,2; Lall, Upmanu2,3,4; Robertson, Andrew W.4; Cook, Edward5
2017-03-01
发表期刊WATER RESOURCES RESEARCH
ISSN0043-1397
EISSN1944-7973
出版年2017
卷号53期号:3
文章类型Article
语种英语
国家Peoples R China; USA
英文摘要

Streamflow forecasts at multiple time scales provide a new opportunity for reservoir management to address competing objectives. Market instruments such as forward contracts with specified reliability are considered as a tool that may help address the perceived risk associated with the use of such forecasts in lieu of traditional operation and allocation strategies. A water allocation process that enables multiple contracts for water supply and hydropower production with different durations, while maintaining a prescribed level of flood risk reduction, is presented. The allocation process is supported by an optimization model that considers multitime scale ensemble forecasts of monthly streamflow and flood volume over the upcoming season and year, the desired reliability and pricing of proposed contracts for hydropower and water supply. It solves for the size of contracts at each reliability level that can be allocated for each future period, while meeting target end of period reservoir storage with a prescribed reliability. The contracts may be insurable, given that their reliability is verified through retrospective modeling. The process can allow reservoir operators to overcome their concerns as to the appropriate skill of probabilistic forecasts, while providing water users with short-term and long-term guarantees as to how much water or energy they may be allocated. An application of the optimization model to the Bhakra Dam, India, provides an illustration of the process. The issues of forecast skill and contract performance are examined. A field engagement of the idea is useful to develop a real-world perspective and needs a suitable institutional environment.


英文关键词market-based reliable and insurable contracts climate-informed water management hierarchical multitime scales ensemble forecasts prescribed reliability for supplies dynamic flood control storage allocation nonlinear global optimization
领域资源环境
收录类别SCI-E
WOS记录号WOS:000400160500019
WOS关键词CLIMATE-CHANGE ; GCM SIMULATIONS ; SEASONAL INFLOW ; EL-NINO ; RIVER ; FLOODS ; PREDICTABILITY ; CALIFORNIA ; FREQUENCY ; FRAMEWORK
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/21148
专题资源环境科学
作者单位1.Hong Kong Univ Sci & Technol, Dept Civil & Environm Engn, Kowloon, Hong Kong, Peoples R China;
2.Columbia Univ, Earth & Environm Engn, New York, NY 10027 USA;
3.Columbia Univ, Columbia Water Ctr, New York, NY USA;
4.Columbia Univ, Int Res Inst Climate & Soc IRI, Palisades, NY USA;
5.Columbia Univ, Tree Ring Lab, Lamont Doherty Earth Observ, Palisades, NY USA
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GB/T 7714
Lu, Mengqian,Lall, Upmanu,Robertson, Andrew W.,et al. Optimizing multiple reliable forward contracts for reservoir allocation using multitime scale streamflow forecasts[J]. WATER RESOURCES RESEARCH,2017,53(3).
APA Lu, Mengqian,Lall, Upmanu,Robertson, Andrew W.,&Cook, Edward.(2017).Optimizing multiple reliable forward contracts for reservoir allocation using multitime scale streamflow forecasts.WATER RESOURCES RESEARCH,53(3).
MLA Lu, Mengqian,et al."Optimizing multiple reliable forward contracts for reservoir allocation using multitime scale streamflow forecasts".WATER RESOURCES RESEARCH 53.3(2017).
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