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maximize its long-term profit. By solving the closed form solution to the fully dynamic optimization problem with infinite …
Persistent link: https://www.econbiz.de/10009441181
We develop a theory of optimal stopping problems under ambiguity in continuous time. Using results from (backward) stochastic calculus, we characterize the value function as the smallest (nonlinear) supermartingale dominating the payoff process. For Markovian models, we derive an adjusted...
Persistent link: https://www.econbiz.de/10009452622
En la cub: "Revised version: September 2015" ; En este trabajo investigamos la interacción entre estabilidad de precios y sostenibilidad de la deuda soberana en el marco de un modelo de pequeña economía abierta, en la cual el gobierno emite deuda nominal y elige la política fi scal y...
Persistent link: https://www.econbiz.de/10012530474
Incluye un apéndice en línea ; Los modelos de mercados incompletos con agentes heterogéneos están cobrando especial relevancia en los análisis de políticas económicas. En este documento proponemos una nueva metodología para resolver problemas de políticas dinámicas óptimas, tanto...
Persistent link: https://www.econbiz.de/10012530528
communications technologies that are being developed to improve optimization between electric supply and demand. The intention of the …
Persistent link: https://www.econbiz.de/10009435675
For the past several years, competing resource demands within BPA have forced the Agency to stretch Operations, Maintenance and Replacement (OM R) resources. There is a large accumulation of tasks that were not accomplished when scheduled. Maintenance and replacements and outages, due to...
Persistent link: https://www.econbiz.de/10009435742
, determination of operating reserve requirements, unit commitment, economic dispatch, energy storage optimization (e.g., pumped hydro …
Persistent link: https://www.econbiz.de/10009435867
The design or optimization of engineering systems is generally based on several assumptions related to the loading … performance function(s) of interest are also random and optimization of the system with respect to the design variables has to be … the performance with respect to the uncertain and design variables. The proposed algorithm is directly parallelizable and …
Persistent link: https://www.econbiz.de/10009436326
, protection of on-site workers, consideration of stakeholder/community preference, achievement of ER mission, and optimization of …
Persistent link: https://www.econbiz.de/10009436424
Search and optimization in the context of blackbox objective function evaluation subject to blackbox constraints … Kargupta (1995) offered an alternate perspective of blackbox optimization in terms of relations, classes, and partial ordering …. The primary motivation comes from the observation that sampling in blackbox optimization is essentially an inductive …
Persistent link: https://www.econbiz.de/10009436440