A stochastic model for the optimal allocation of hydropower flexibility in renewable energy markets
DOI10.1080/15326349.2021.2022496zbMath1489.91119OpenAlexW4212836176MaRDI QIDQ5071666
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Publication date: 22 April 2022
Published in: Stochastic Models (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1080/15326349.2021.2022496
Hamilton-Jacobi-Bellman equationviscosity solutionstochastic controlrenewable energy markethydropower flexibilityone-factor diffusion
Microeconomic theory (price theory and economic markets) (91B24) Optimal stochastic control (93E20) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25)
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