This paper presents a comprehensive review of optimization algorithms utilized in reservoir simulation-optimization models, specifically focusing on determining optimal rule curves. The study explores critical conditions essential for the optimization process, including inflow data, objective and smoothing functions, downstream water demand, initial reservoir characteristics, evaluation scenarios, and stop criteria. By examining these factors, the paper provides valuable insights into the effective application of optimization algorithms in reservoir operations. Furthermore, the paper discusses the application of popular optimization algorithms, namely the genetic algorithm (GA), particle swarm optimization (PSO), cuckoo search (CS), and tabu search (TS), highlighting how researchers can utilize them in their studies. The findings of this review indicate that identifying optimal conditions and considering future scenarios contribute to the derivation of optimal rule curves for anticipated situations. The implementation of these curves can significantly enhance reservoir management practices and facilitate the resolution of water resource challenges, such as floods and droughts.