Asymptotic Mean and Variance of Electric Power Generation System Production Costs via Recursive Computation of the Fundamental Matrix of a Markov Chain

DOI10.1287/opre.47.5.703zbMath0976.90036OpenAlexW1967807898MaRDI QIDQ4950816

Mainak Mazumdar, Jeremy A. Bloom, Fen-Ru Shih

Publication date: 27 April 2000

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.47.5.703

zbMATH Keywords

Monte Carlo simulation Markov model electricity

Mathematics Subject Classification ID

Approximation methods and heuristics in mathematical programming (90C59) Production models (90B30) Markov and semi-Markov decision processes (90C40)

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