Profit maximization of a power plant

DOI10.3166/ejc.18.38-54zbMath1297.49073OpenAlexW1973454213MaRDI QIDQ386083

Rafael Wisniewski, John Leth, Martin Kragelund, 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 principlepower plantseconomic optimizationsingular optimal control

Mathematics Subject Classification ID

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

Related Items (1)

Fault tolerant distributed portfolio optimization in smart grids

Uses Software

• GPOPS

Cites Work

• Double loop iterative strategies for hierarchical control of industrial processes
• Singular optimal control problems
• Optimal sampled-data control systems
• Existence of neighboring feasible trajectories: applications to dynamic programming for state-constrained optimal control problems
• Short-term hydropower production planning by stochastic programming
• Algorithm 902
• 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
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