Control of dams using \(P^M_{\lambda,\tau}\) policies when the input process is a nonnegative Lévy process
type: Item
instance of: scholarly article
title: Control of dams using \(P^M_{\lambda,\tau}\) policies when the input process is a nonnegative Lévy process
zbMATH Open document ID: 1235.93258
DOI: 10.1155/2011/916952
author: Mohamed Abdel-Hameed
published in: International Journal of Stochastic Analysis
publication date: 2012-01-03T00:00:00Z
review text: Summary: We consider \(P^M_{\lambda,\tau}\) policy of a dam in which the water input is an increasing Lévy process. The release rate of the water is changed from 0 to \(M\) and from \(M\) to 0 \((M > 0)\) at the moments when the water level upcrosses level \(\lambda\) and downcrosses level \(\tau (\tau < \lambda)\), respectively. We determine the potential of the dam content and compute the total discounted as well as the long-run average cost. We also find the stationary distribution of the dam content. Our results extend the results in the literature when the water input is assumed to be a Poisson process.
Mathematics Subject Classification ID: 93E20
Mathematics Subject Classification ID: 93E03
Mathematics Subject Classification ID: 60G51
Mathematics Subject Classification ID: 60J25
Mathematics Subject Classification ID: 93C95
zbMATH DE Number: 5994166
zbMATH Keywords: control of dams
zbMATH Keywords: Lévy process
zbMATH Keywords: potential of dam content
zbMATH Keywords: Poisson process
MaRDI profile type: MaRDI publication profile
full work available at URL: https://doi.org/10.1155/2011/916952
OpenAlex ID: W2005934474
Wikidata QID: Q58688951
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description: scientific article; zbMATH DE number 5994166