Optimal Use and Economic Value of Seasonal Runoff Forecastsby Roman Krzysztofowicz, Univ of Virginia, United States,
Abstract: Each year the National Weather Service and the Soil Conservation Service issue a monthly sequence of five (or six) categorical forecasts of the seasonal snowmelt runoff volume for 760 river stations. We discuss fundamental aspects of the optimal use and economic value of these forecasts we discussed within the context of seasonal water supply planning.
Subject Headings: Forecasting | Seasonal variations | Runoff | Economic factors | Snowmelt | Rivers and streams | Water supply
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