Optimal Use and Economic Value of Seasonal Runoff Forecasts

by Roman Krzysztofowicz, Univ of Virginia, United States,



Document Type: Proceeding Paper

Part of: Critical Water Issues and Computer Applications

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 | Runoff | Economic factors | Seasonal variations | Water supply | Snowmelt | Markov process

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