Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4578721 | Journal of Hydrology | 2009 | 10 Pages |
Abstract
This paper shows that the value of the forecast is an increasing function of the inflow process variance and quantifies how much the value of this perfect forecast increases with the variance of the water inflow process. Because the lifetime of hydroelectric facilities is long, the small increase observed here can lead to an increase in the profitability of hydropower investments.
Related Topics
Physical Sciences and Engineering
Earth and Planetary Sciences
Earth-Surface Processes
Authors
Guangzhi Zhao, Matt Davison,