Optimization under the PMλ,τ policy of a finite dam with both continuous and jumpwise inputs

DOI10.1239/jap/1118777190zbMath1075.60578OpenAlexW1982988772MaRDI QIDQ5697604

Kyung Eun Lim, Eui Yong Lee, Jee Seon Baek

Publication date: 18 October 2005

Published in: Journal of Applied Probability (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1239/jap/1118777190

zbMATH Keywords

Wiener processlong-run average costcompound Poisson process

Mathematics Subject Classification ID

Queueing theory (aspects of probability theory) (60K25) Inventory, storage, reservoirs (90B05)

Cites Work

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• Optimal control of a finite dam: Wiener process input
• P_λ^M-policy for a dam with input formed by a compound Poisson process
• Optimal control of finite dams: discrete (2-stage) output procedure
• Average cost under the P^M_{λ, τ} policy in a finite dam with compound Poisson inputs
• Optimal control of a dam using P_λ,τ^M policies and penalty cost when the input process is a compound Poisson process with positive drift
• Optimal control of a finite dam: average-cost case