Relationships of yield-capacity-risk in a multiple reservoir system: the Munzur River Basin in Turkey

The aim of this study is to determine the relationships of yield-capacity-riskin a multiple reservoir system. in this study, yield, capacity and risk have been denedas the average energy production, storage volume of reservoir and obtaining the sameyield with lower capacity, respectively. then, an optimization model, using dynamicprogramming with successive approximations (dpsa) for a multi-reservoir system forenergy production, has been developed. the objective function used in the model has theobjective of maximization of the total energy. a multi-reservoir system in the munzurriver basin of turkey has been selected for the application. the results of the proposedapproach have been evaluated with regard to the relationships of yield-capacity-risk. as aresult, the capacity was increased when the yield was raised, and the same yield has beenobtained in a dierent capacity by reducing the capacity under a certain yield risk. theyield risk has been raised in the direction of the yield coordinate of the yield-capacity-yieldrisk curve.