Optimal control of dams using \(P_{\lambda,\tau}^{M}\) policies and penalty cost (Q596847)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Optimal control of dams using \(P_{\lambda,\tau}^{M}\) policies and penalty cost |
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Optimal control of dams using \(P_{\lambda,\tau}^{M}\) policies and penalty cost (English)
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6 August 2004
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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.
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\(P_{\lambda
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\tau}^M\) policies
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Lévy process
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Expected total discounted cost
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Expected long-run average cost
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Potentials
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