Optimal nonanticipating controls are shown to exist in nonautonomous piecewise deterministic control problems with hard terminal restrictions. The assumptions needed are completely analogous to those needed to obtain optimal controls in deterministic control problems. The proof is based on...

In this paper we propose a dynamic model representing the temporal evolution of the levels of power generation (installed capacity) from two competing sources. These are renewable and conventional (fossil) sources. The percentage penetration rates of renewable and nonrenewable sources are...