The Effect of Storage Carryover on Plant Expansion Planning

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Abstract
This paper considers the expansion of a river abstraction plant which is used conjunctively with a storage reservoir to supply water. Because of the uncertainty of inflows to the reservoir, the problem is stochastic and because of storage carryover from year to year, decisions on the plant size have a persistent effect. By assuming that the storage carryover effects last for a finite time only, the problem can be formulated in terms of a recurrence relation which can be solved by a version of dynamic programming. The optimality of the solution obtained is investigated by sensitivity testing.

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