Management strategies for hydropower plants a simple dynamic programming approach
Optimization and Control
2025-08-27 v2
Abstract
We use a dynamic programming approach to construct management strategies for a hydropower plant with a dam and a continuously adjustable unit. Along the way, we estimate unknown variables via simple models using historical data and forecasts. Our suggested scheme achieves on average 97.1 % of the theoretical maximum using small computational effort. We also apply our scheme to a Run-of-River hydropower plant and compare the strategies and results to the much more involved PDE-based optimal switching method studied earlier by the authors in (Optimization and Engineering (2021): 1-25); this comparison shows that our simple approach may be preferable if the underlying data is sufficiently rich.
Cite
@article{arxiv.2310.04462,
title = {Management strategies for hydropower plants a simple dynamic programming approach},
author = {Marcus Olofsson and André Berg Niklas L. P. Lundström},
journal= {arXiv preprint arXiv:2310.04462},
year = {2025}
}