, a new algorithm, Folded DP, is proposed, which overcomes these difficulties. Though it is also an iterative process, no … developed algorithm is applied to a hypothetical reservoir system, solved by earlier researchers.Operating policy obtained using … the present algorithm has compared well with that of the earlier algorithm. Copyright Kluwer Academic Publishers 2003 …

: hardware area A and execution time E. An efficient heuristic algorithm with running time O(nlog⁡n) is proposed for the quality … approximate solutions of the problems with n code fragments. Also, an exact algorithm based on dynamic programming is presented to …

), <em>Uncertainty within Economic Models</em> includes articles adapting and applying robust control theory to problems in … market prices of model uncertainty. The chapters discuss ways of calibrating agents' fears of model misspecification in …, Prices of Risk, and Model Detection</li> <li>Robust Control and Model Uncertainty</li> <li>Robust Control and Model …

investment theory that it is essential to take simultaneously account of uncertainty and flexibility. …Investment decisions are not only characterised by irreversibility and uncertainty but also by flexibility with regard …

income uncertainty. When decoupling the income support from production, it is important to ensure the stability of the …

value or policy functionapproximations, and reductions of the uncertainty domain. The paper promotes astate reduced …

We analyze the impact of damage uncertainty on optimal mitigation policies in the integrated assessment of climate … deriving optimal policy rules under persistent uncertainty. For this purpose,we construct a close relative of the DICE model in … aversion, and aversion to intertemporal substitution. We analyze different ways how damage uncertainty can affect the DICE …