Profit maximization of a power plant

DOI10.3166/EJC.18.38-54MaRDI QIDQ386083zbMATH OpenOpenAlexFDO

Authors Martin Kragelund, John Leth, Rafał Wisniewski, Ulf T. Jönsson

Publication date 13 December 2013

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

Full work available at URL https://vbn.aau.dk/ws/files/52801237/ejc.pdf

zbMATH Keywords

Pontryagin's maximum principleeconomic optimizationsingular optimal controlpower plants

Mathematics Subject Classification ID

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

Cites work

• scientific article; zbMATH DE number 1154768 (Why is no real title available?)
• scientific article; zbMATH DE number 3992265 (Why is no real title available?)
• scientific article; zbMATH DE number 3798532 (Why is no real title available?)
• Algorithm 902: GPOPS: a MATLAB software for solving multiple-phase optimal control problems using the Gauss pseudospectral method
• Double loop iterative strategies for hierarchical control of industrial processes
• Existence of neighboring feasible trajectories: applications to dynamic programming for state-constrained optimal control problems
• On the convergence of nonlinear optimal control using pseudospectral methods for feedback linearizable systems
• Optimal sampled-data control systems
• Short-term hydropower production planning by stochastic programming
• Singular optimal control problems
• Valuation and Optimal Operation of Electric Power Plants in Competitive Markets

Cited in

(1)

• Fault tolerant distributed portfolio optimization in smart grids

Describes a project that uses

Uses Software

• GPOPS

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