Discussion on: ``Profit maximization of a power plant

DOI10.1016/S0947-3580(12)70522-8zbMath1297.49071OpenAlexW2087409458MaRDI QIDQ386084

Stein-Erik Fleten, Trine Krogh Boomsma

Publication date: 13 December 2013

Published in: European Journal of Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0947-3580(12)70522-8

zbMATH Keywords

Pontryagin's maximum principlepower plantseconomic optimizationsingular optimal control

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Production theory, theory of the firm (91B38) Optimality conditions for problems involving ordinary differential equations (49K15)

Cites Work

• Evaluating Environmental Investments: A Real Options Approach
• Valuation of energy storage: an optimal switching approach
• Short-Term Generation Asset Valuation: A Real Options Approach
• Valuation and Optimal Operation of Electric Power Plants in Competitive Markets

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