On certain optimal gas storage policies

Vangelis F Magirou

Omega, 1982, vol. 10, issue 5, 553-563

Abstract: A gas distribution company must satisfy at every instant of time an exogenous demand. In order to meet the peak demand in the most economic way, it can resort to storage and peak shaving techniques. For the case of a local distribution company linked to a national gas grid through a connection of bounded transmission capacity, we derive a schedule of drawing gas from the national grid that minimizes the storage capacity required under the assumption of deterministic demand. The storage minimizing schedule is derived through both elementary and optimal control methods. An extension is possible for the case of stochastic demand.

Date: 1982
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0305-0483(82)90010-X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:10:y:1982:i:5:p:553-563

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().