Research Article
Jul 1980
Economic Model for Reservoir Planning
Publication: Journal of the Water Resources Planning and Management Division
Volume 106, Issue 2
Abstract
The model's objective is to maximize net economic efficiency benefits subject to hydrologic system constraints. The model is designed to handle system increments which are unique and interdependent. Since firm water, the product of the system, is dependent on existing reservoir sizes, configurations, hydrologies, and operating policies, an operating scheme is incorporated in the optimization. A price-sensitive demand curve which changes according to a prescribed growth rate is used. Firm water demand is thus sensitive to changes in price and time as opposed to most fixed demand requirement approaches. Known reservoir cost relationships which are a function of project capacity determine costs. A forward dynamic programming algorithm is used for solution. The model is tested with an application to the Eel River Project in Northern California. The discount rate, growth rate, and demand elasticity are parameterized and tested over several values.
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Information
Published In
Journal of the Water Resources Planning and Management Division
Volume 106 • Issue 2 • July 1980
Pages: 383 - 400
Copyright
© 1980 American Society of Civil Engineers.
History
Published in print: Jul 1980
Published online: Feb 12, 2021
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Authors
Affiliations
Nancy Young Moore
Assoc. Engr., Engrg. and Applied Sci. Dept., The Rand Corp., Santa Monica, Calif.; formerly, Grad. Student, School of Engrg. and Applied Sci., Univ. of California, Los Angeles, Calif
William W-G. Yeh, AM.ASCE
Prof., School of Engrg. and Applied Sci., Univ. of California, Los Angeles, Calif
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Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.