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Analysis of the discounting coefficient in a gas-field model - MaRDI portal

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Analysis of the discounting coefficient in a gas-field model (Q1975796)

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scientific article; zbMATH DE number 1438799
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English
Analysis of the discounting coefficient in a gas-field model
scientific article; zbMATH DE number 1438799

    Statements

    Analysis of the discounting coefficient in a gas-field model (English)
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    8 May 2000
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    The authors describe an approximate model of a gas field, and the optimization problem for gas-production planning on an infinite time interval is set up. It is proved that this problem has a solution on the set of relay functions; the search for the maximum of a functional is replaced by the search for the maxima of a certain continuous function that depends on the switching moment of a relay function. The influence of the discounting coefficient on the optimal behavior of a model is analyzed in detail.
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    gas-field model
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    gas-production planning
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