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A useful tool is proposed in this paper to assist dam managers in comparing and selecting suitable operating rules. This procedure is based on well-known multiobjective and probabilistic methodologies, which were jointly applied here to assess and compare flood control strategies in hydropower reservoirs. The procedure consisted of evaluating the operating rules’ performance using a simulation fed by a representative and sufficiently large flood event series. These flood events were obtained from a synthetic rainfall series stochastically generated by using the RainSimV3 model coupled with a deterministic hydrological model. The performance of the assessed strategies was characterized using probabilistic variables. Finally, evaluation and comparison were conducted by analyzing objective functions which synthesize different aspects of the rules’ performance. These objectives were probabilistically defined in terms of risk and expected values. To assess the applicability and flexibility of the tool, it was implemented in a hydropower dam located in Galicia (Northern Spain). This procedure allowed alternative operating rule to be derived which provided a reasonable trade-off between dam safety, flood control, operability and energy production

Probabilistic-Multiobjective Comparison of User-Defined Operating Rules. Case Study: Hydropower Dam in Spain