Optimal control of a large dam, taking into account the water costs
Abstract
Consider a dam model, and are upper and, respectively, lower levels, is large and if the level of water is between these bounds, then the dam is said to be in a normal state. Passage across lower or upper levels leads to damage. Let and denote the damage costs per time unit of crossing the lower and, correspondingly, upper level where and are given real constants. It is assumed that input stream of water is described by a Poisson process, while the output stream is state dependent. Let denote the level of water in time , and denote the water cost at level (). Assuming that , and () exist, the aim of the paper is to choose the parameters of an output stream (specifically defined in the paper) minimizing the long-run expenses
Keywords
Cite
@article{arxiv.math/0701458,
title = {Optimal control of a large dam, taking into account the water costs},
author = {Vyacheslav M. Abramov},
journal= {arXiv preprint arXiv:math/0701458},
year = {2008}
}
Comments
18 pages, 1 table. Revision is submitted