Profit-maximizing operation and valuation of hydroelectric plant: a new solution to the Koopmans problem

DOI10.1016/j.jedc.2006.03.004zbMath1163.90835MaRDI QIDQ1017012

Anthony Horsley, Andrzej J. Wrobel

Publication date: 18 May 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2006.03.004

zbMATH Keywords

linear programming; marginal values; subdifferential calculus; peak-load pricing; storage hydro

Mathematics Subject Classification ID

90C90: Applications of mathematical programming

90B90: Case-oriented studies in operations research

Cites Work

• On the optimal control of a hydroelectric power plant
• Subdifferentials of convex symmetric functions: An application of the inequality of Hardy, Littlewood, and Pólya
• Efficiency rents of pumped-storage plants and their uses for operation and investment decisions
• Boiteux's solution to the shifting-peak problem and the equilibrium price density in continuous time
• Continuity of the equilibrium price density and its uses in peak-load pricing
• A transformation for necessary optimality conditions for systems with polynomial nonlinearities
• Optimization strategies for hydro energy storage plants
• Optimization of hydro energy storage plant problems by variational methods
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