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We consider the utility maximization problem under convex constraints with regard to theoretical results which allow the formulation of algorithmic solvers which make use of deep learning techniques. In particular for the case of random…

Computational Finance · Quantitative Finance 2022-02-17 Kristof Wiedermann

We present a capacity expansion model for deciding the new electricity generation and transmission capacity to complement an existing hydroelectric reservoir system. The objective is to meet a forecast demand at least expected cost, namely…

Optimization and Control · Mathematics 2023-12-15 Jarand Hole , Andy Philpott , Oscar Dowson

We consider energy-efficient wireless resource management in cellular networks where BSs are equipped with energy harvesting devices, using statistical information for traffic intensity and harvested energy. The problem is formulated as…

Information Theory · Computer Science 2016-11-15 Jie Gong , John S. Thompson , Sheng Zhou , Zhisheng Niu

In this paper, we develop semidefinite programming (SDP) models aimed at solving optimal power flow (OPF) problems in distribution systems. We propose two models: the symmetrical SDP model which modifies the existing BFM-SDP model. Then…

Optimization and Control · Mathematics 2017-12-27 Zeyu Wang , Daniel S. Kirschen , Baosen Zhang

From economics point of view, we investigate a new optimal control problem driven by a stochastic differential equation with a multi-time states cost functional. By constructing a series of first-order adjoint equations, we establish the…

Optimization and Control · Mathematics 2016-09-15 Shuzhen Yang

Conservation principles like conservation of charge or energy provide a natural way to couple and constrain different physical variables. In this letter, we propose a dynamical system model that exploits these constraints for solving…

Optimization and Control · Mathematics 2017-07-24 Oindrila Chatterjee , Shantanu Chakrabartty

This paper develops a power management scheme that jointly optimizes the real power consumption of programmable loads and reactive power outputs of photovoltaic (PV) inverters in distribution networks. The premise is to determine the…

Systems and Control · Computer Science 2016-10-20 Mohammadhafez Bazrafshan , Nikolaos Gatsis

In this work, we study dynamic programming (DP) algorithms for partially observable Markov decision processes with jointly continuous and discrete state-spaces. We consider a class of stochastic systems which have coupled discrete and…

Optimization and Control · Mathematics 2019-03-07 Donghwan Lee , Niao He , Jianghai Hu

Dynamic programming (DP) is an algorithmic design paradigm for the efficient, exact solution of otherwise intractable, combinatorial problems. However, DP algorithm design is often presented in an ad-hoc manner. It is sometimes difficult to…

Data Structures and Algorithms · Computer Science 2024-05-17 Max A. Little , Xi He , Ugur Kayas

We investigate the dual of a Multistage Stochastic Linear Program (MSLP) to study two questions for this class of problems. The first of these questions is the study of the optimal value of the problem as a function of the involved…

Optimization and Control · Mathematics 2020-10-06 Vincent Guigues , Alexander Shapiro , Yi Cheng

Differential Dynamic Programming (DDP) is one of the indirect methods for solving an optimal control problem. Several extensions to DDP have been proposed to add stagewise state and control constraints, which can mainly be classified as…

Optimization and Control · Mathematics 2024-09-19 Siddharth Prabhu , Srinivas Rangarajan , Mayuresh Kothare

In this paper we investigate possible approaches to study general time-inconsistent optimization problems without assuming the existence of optimal strategy. This leads immediately to the need to refine the concept of time-consistency as…

Optimization and Control · Mathematics 2016-04-14 Chandrasekhar Karnam , Jin Ma , Jianfeng Zhang

We study stochastic motion planning problems which involve a controlled process, with possibly discontinuous sample paths, visiting certain subsets of the state-space while avoiding others in a sequential fashion. For this purpose, we first…

Optimization and Control · Mathematics 2017-11-27 Peyman Mohajerin Esfahani , Debasish Chatterjee , John Lygeros

Most existing neural network-based approaches for solving stochastic optimal control problems using the associated backward dynamic programming principle rely on the ability to simulate the underlying state variables. However, in some…

Machine Learning · Statistics 2024-01-30 Christian Yeo

In this paper, we propose a new approach for stochastic control problems arising from utility maximization. The main idea is to directly start from the dynamical programming equation and compute the conditional expectation using a novel…

Mathematical Finance · Quantitative Finance 2022-02-28 Jingtang Ma , Zhengyang Lu , Zhenyu Cui

We present a framework to address a class of sequential decision making problems. Our framework features learning the optimal control policy with robustness to noisy data, determining the unknown state and action parameters, and performing…

Machine Learning · Computer Science 2022-01-20 Amber Srivastava , Srinivasa M Salapaka

This paper considers a collection of networked nonlinear dynamical systems, and addresses the synthesis of feedback controllers that seek optimal operating points corresponding to the solution of network-wide constrained optimization…

Optimization and Control · Mathematics 2015-04-03 Emiliano Dall'Anese , Sairaj Dhople , Georgios B. Giannakis

Reinforcement learning based adaptive/approximate dynamic programming (ADP) is a powerful technique to determine an approximate optimal controller for a dynamical system. These methods bypass the need to analytically solve the nonlinear…

Optimization and Control · Mathematics 2018-05-24 Xuefeng Bao , Zhi-Hong Mao , Nitin Sharma

This paper studies dynamic stochastic optimization problems parametrized by a random variable. Such problems arise in many applications in operations research and mathematical finance. We give sufficient conditions for the existence of…

Optimization and Control · Mathematics 2011-05-06 Teemu Pennanen , Ari-Pekka Perkkiö

With the rapid growth in renewable energy and battery storage technologies, there exists significant opportunity to improve energy efficiency and reduce costs through optimization. However, optimization algorithms must take into account the…

Optimization and Control · Mathematics 2019-02-19 Chaitanya Poolla , Abraham K. Ishihara , Rodolfo Milito