Reservoir Management and Operations Models: A State‐of‐the‐Art Review

The objective of this paper is to review the state‐of‐the‐art of mathematical models developed for reservoir operations, including simulation. Algorithms and methods surveyed include linear programming (LP), dynamic programming (DP), nonliner programming (NLP), and simulation. A general overview is first presented. The historical development of each key model is critically reviewed. Conclusions and recommendations for future research are presented.