Optimal control of dams using \(P_{\lambda,\tau}^{M}\) policies and penalty cost (Q596847)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Optimal control of dams using \(P_{\lambda,\tau}^{M}\) policies and penalty cost |
scientific article; zbMATH DE number 2082342
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Optimal control of dams using \(P_{\lambda,\tau}^{M}\) policies and penalty cost |
scientific article; zbMATH DE number 2082342 |
Statements
Optimal control of dams using \(P_{\lambda,\tau}^{M}\) policies and penalty cost (English)
0 references
6 August 2004
0 references
In a series of publications, the author has studied optimal control of dams with various input processes, using \(P^M_{\lambda,\tau}\) policies. This paper is essentially a summary of results proved in a submitted paper treating the problem with a Lévy input. The optimal control is calculated with respect to the total discounted cost, as well as the long run average cost.
0 references
\(P_{\lambda
0 references
\tau}^M\) policies
0 references
Lévy process
0 references
Expected total discounted cost
0 references
Expected long-run average cost
0 references
Potentials
0 references
0.97159284
0 references
0.93447244
0 references
0.92560625
0 references
0.92176485
0 references
0.92045534
0 references
0.9181035
0 references
