Utilization of satellite precipitation products (SPPs) for reliable flood modeling has become a necessity due to the scarcity of conventional gauging systems. Three high-resolution SPPs, i.e., Integrated Multi-satellite Retrieval for GPM (IMERG), Global Satellite Mapping of Precipitation (GSMaP), and Climate Hazards Group InfraRed Precipitation with Station (CHIRPS), data were assessed statistically and hydrologically in the sparsely gauged Chenab River basin of Pakistan. The consistency of rain gauge data was assessed by the double mass curve (DMC). The statistical metrics applied were probability of detection (POD), critical success index (CSI), false alarm ratio (FAR), correlation coefficient (CC), root mean square error (RMSE), and bias (B). The hydrologic evaluation was conducted with calibration and validation scenarios for the monsoon flooding season using the Integrated Flood Analysis System (IFAS) and flow duration curve (FDC). Sensitivity analysis was conducted using ±20% calibrating parameters. The rain gauge data have been found to be consistent with the higher coefficient of determination (R2). The mean skill scores of GSMaP were superior to those of CHIRPS and IMERG. More bias was observed during the monsoon than during western disturbances. The most sensitive parameter was the base flow coefficient (AGD), with a high mean absolute sensitivity index value. During model calibration, good values of performance indicators, i.e., R2, Nash−Sutcliffe efficiency (NSE), and percentage bias (PBIAS), were found for the used SPPs. For validation, GSMaP performed better with comparatively higher values of R2 and NSE and a lower value of PBIAS. The FDC exhibited SPPs’ excellent performance during 20% to 40% exceedance time.
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