Effect of Hedging on Over-Year Reservoir Performance

Based on a detailed Monte-Carlo simulation, the effects of hedging parameters namely, starting water availability (SWA), ending water availability (EWA) and hedging factor (HF) on reservoir storage performance indicators have been investigated within the storage-yield plane of over-year reservoirs. Also, trade-off relationships between the various storage performance indicators are developed and selection of reasonable compromising hedging policies based on performance criteria is attempted for over-year reservoirs. Regions within the storage-yield plane of over-year reservoirs where hedging would be effective are identified. This would help the reservoir managers in mitigating the severity during long stretched critical drought periods. Copyright Kluwer Academic Publishers 1998