A Rapid Method for Optimization of Linear Systems with Storage
C. H. Bannister and
R. J. Kaye
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C. H. Bannister: Intelligent Energy Systems Ltd., Crows Nest, New South Wales, Australia
R. J. Kaye: University of New South Wales, Kensington, New South Wales, Australia
Operations Research, 1991, vol. 39, issue 2, 220-232
Abstract:
A new method for optimizing the operation of a single storage connected to a general linear memoryless system is presented. The model is shown to cover a wide variety of practical situations where a deterministic approximation is valid. The method combines linear and dynamic programming concepts to produce a fast but exact optimization.
Keywords: dynamic programming; deterministic: rapid; exact dynamic programming; production/scheduling: optimal utilization of storage; programming; linear: fast optimization of linear systems (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:39:y:1991:i:2:p:220-232
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