Profit maximization of a power plant

DOI10.3166/EJC.18.38-54zbMATH Open1297.49073OpenAlexW1973454213MaRDI QIDQ386083FDOQ386083

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

• Algorithm 902: GPOPS: a MATLAB software for solving multiple-phase optimal control problems using the Gauss pseudospectral method
• Existence of neighboring feasible trajectories: applications to dynamic programming for state-constrained optimal control problems
• Title not available (Why is that?)
• Title not available (Why is that?)
• Optimal sampled-data control systems
• Short-term hydropower production planning by stochastic programming
• Valuation and Optimal Operation of Electric Power Plants in Competitive Markets
• On the convergence of nonlinear optimal control using pseudospectral methods for feedback linearizable systems
• Singular optimal control problems
• Title not available (Why is that?)
• Double loop iterative strategies for hierarchical control of industrial processes

Cited In (1)

• Fault tolerant distributed portfolio optimization in smart grids

Uses Software

• GPOPS

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