Optimal control of dams

Mohamed Abdel‐Hameed and Yasmin Nakhi

Applied Stochastic Models and Data Analysis, 1995, vol. 11, issue 1, 25-34

Abstract: Assume that a dam has a capacity V. Its water input I={It, t ϵ [0, ∞)}], is assumed to be a diffusion process. The water is released at one of two rates 0 and M units of water per unit of time. The release rate is 0 until the water reaches level λ(0

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:wly:apsmda:v:11:y:1995:i:1:p:25-34

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