Optimal control of finite dams: discrete (2-stage) output procedure
- 1 March 1974
- journal article
- Published by Cambridge University Press (CUP) in Journal of Applied Probability
- Vol. 11 (1) , 111-121
- https://doi.org/10.2307/3212588
Abstract
The problem discussed is that of determining optimal release rates for finite dams when the release rate may take one of two values and specific costs are involved in increasing and decreasing this release rate. From another point of view, this is a problem of controlling the output simply by switching on and off. A diffusion model is suggested and by considering a family of plausible output policies an optima procedure, which minimises the long-term average cost of operating the dam, is established. Various properties of this output policy are given.Keywords
This publication has 2 references indexed in Scilit:
- A diffusion model for the control of a damJournal of Applied Probability, 1968
- Control Charts and the Minimization of CostsJournal of the Royal Statistical Society Series B: Statistical Methodology, 1963