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Glossery Of Terms

Victoria Dam (Sri Lanka)

Scenario simulation
Simulation and mathematical programming
Use of repeated simulation runs under different assumptions or scenarios to explore uncertainty and policy choices.
Scenario simulation involves running the model several times with alternative inflow sequences, demand forecasts, fuel prices or policy settings. Results from the scenarios are compared to assess robustness of operating rules or development plans and to communicate the range of possible outcomes to decision makers.
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Water Resource & Hydro-Thermal Power Systems Modelling - Optimization of Large-Scale Hydropower System Operations - Power Generation Optimisation