Abstract
The aim of this paper is to present a new algorithm to maximize the value of the energy produced from a multireservoir power system, plus the estimated value of water remaining in storage at the end of the 12-month planning period. The systems described here are characterized by having a specified monthly generation, and this generation is equal to a certain percentage of the total generation at the end of the year. The problem is formulated as a minimum norm problem in the framework of analytic optimization. Numerical results are reported for a real system in operation consisting of three rivers; each river has two series reservoirs. The proposed algorithm is efficient in computing time and in calculating the total expected benefits from the system.
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