Premium
Reservoir management via reliability programing
Author(s) -
Colorni A.,
Fronza G.
Publication year - 1976
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr012i001p00085
Subject(s) - reliability (semiconductor) , constraint (computer aided design) , mathematical optimization , a priori and a posteriori , reliability engineering , compromise , profit (economics) , computer science , property (philosophy) , mathematics , engineering , economics , social science , power (physics) , philosophy , physics , geometry , epistemology , quantum mechanics , sociology , microeconomics
The possibility of applying reliability programing for determining the monthly contract volumes to be released by a reservoir is discussed in this paper. While in standard chance constraint programing the risk of the solution is fixed a priori, here constraint reliabilities are considered as extra decision variables. Hence the optimal operation results from a compromise between profit and risk. It is shown that under quite general assumptions the reliability program enjoys a concavity property that allows the application of an efficient solution algorithm.