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Generation of Stochastic Hydrologic Time Series

A number of researchers have been working in this field since the early 1970s.  To date, there is still no universally accepted methodology and software that can generate synthetic time series of natural river flows and precipitation for a multitude of locations and for an arbitrary time step length.  Alternative stochastic series are important for studying planning and operation of large water resources systems, since such series contain floods and drought sequences that are statistically likely and yet that have not been seen in relatively short historic flow records.  For more on the breakthrough that our team has offered lately on this topic, refer to the following publication:

Ilich, N. and J. Despotovic. 2007. A Simple Method for Effective Multi-Site Generation of Stochastic Hydrologic Time Series.  Journal or Stochastic Environmental Research and Risk Assessment, Feb./Mar. 2007. --> [open/download the .pdf file]