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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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    2. Moura de Figueiredo, Nelio & Cavalcante Blanco, Claudio José & Pinheiro Campos Filho, Lúcio Carlos & Amarante Mesquita, André Luiz, 2023. "MUWOS - Multiple use water optimization system for the power generation and navigation trade-offs analysis," Renewable Energy, Elsevier, vol. 203(C), pages 205-218.
    3. 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.
    4. 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.
    5. Jaenam Lee & Hyungjin Shin, 2022. "Agricultural Reservoir Operation Strategy Considering Climate and Policy Changes," Sustainability, MDPI, vol. 14(15), pages 1-13, July.
    6. Zaher Mundher Yaseen & Mohammad Ehteram & Md. Shabbir Hossain & Chow Ming Fai & Suhana Binti Koting & Nuruol Syuhadaa Mohd & Wan Zurina Binti Jaafar & Haitham Abdulmohsin Afan & Lai Sai Hin & Nuratiah, 2019. "A Novel Hybrid Evolutionary Data-Intelligence Algorithm for Irrigation and Power Production Management: Application to Multi-Purpose Reservoir Systems," Sustainability, MDPI, vol. 11(7), pages 1-28, April.
    7. 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.

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