Matches in SemOpenAlex for { <https://semopenalex.org/work/W4302529343> ?p ?o ?g. }
Showing items 1 to 79 of
79
with 100 items per page.
- W4302529343 abstract "We study the optimal control of storage which is used for both arbitrage and buffering against unexpected events, with particular applications to the control of energy systems in a stochastic and typically time-heterogeneous environment. Our philosophy is that of viewing the problem as being formally one of stochastic dynamic programming, but of using coupling arguments to provide good estimates of the costs of failing to provide necessary levels of buffering. The problem of control then reduces to that of the solution, dynamically in time, of a deterministic optimisation problem which must be periodically re-solved. We show that the optimal control then proceeds locally in time, in the sense that the optimal decision at each time $t$ depends only on a knowledge of the future costs and stochastic evolution of the system for a time horizon which typically extends only a little way beyond $t$. The approach is thus both computationally tractable and suitable for the management of systems over indefinitely extended periods of time. We develop also the associated strong Lagrangian theory (which may be used to assist in the optimal dimensioning of storage), and we provide characterisations of optimal control policies. We give examples based on Great Britain electricity price data." @default.
- W4302529343 created "2022-10-06" @default.
- W4302529343 creator A5020364664 @default.
- W4302529343 creator A5045479234 @default.
- W4302529343 date "2015-09-18" @default.
- W4302529343 modified "2023-09-26" @default.
- W4302529343 title "The optimal control of storage for arbitrage and buffering, with energy applications" @default.
- W4302529343 doi "https://doi.org/10.48550/arxiv.1509.05788" @default.
- W4302529343 hasPublicationYear "2015" @default.
- W4302529343 type Work @default.
- W4302529343 citedByCount "0" @default.
- W4302529343 crossrefType "posted-content" @default.
- W4302529343 hasAuthorship W4302529343A5020364664 @default.
- W4302529343 hasAuthorship W4302529343A5045479234 @default.
- W4302529343 hasBestOaLocation W43025293431 @default.
- W4302529343 hasConcept C106159729 @default.
- W4302529343 hasConcept C119599485 @default.
- W4302529343 hasConcept C121332964 @default.
- W4302529343 hasConcept C126255220 @default.
- W4302529343 hasConcept C127413603 @default.
- W4302529343 hasConcept C137631369 @default.
- W4302529343 hasConcept C154945302 @default.
- W4302529343 hasConcept C159176650 @default.
- W4302529343 hasConcept C160623529 @default.
- W4302529343 hasConcept C162324750 @default.
- W4302529343 hasConcept C163258240 @default.
- W4302529343 hasConcept C170131372 @default.
- W4302529343 hasConcept C175444787 @default.
- W4302529343 hasConcept C206658404 @default.
- W4302529343 hasConcept C2524010 @default.
- W4302529343 hasConcept C2775924081 @default.
- W4302529343 hasConcept C28761237 @default.
- W4302529343 hasConcept C33923547 @default.
- W4302529343 hasConcept C37404715 @default.
- W4302529343 hasConcept C41008148 @default.
- W4302529343 hasConcept C62520636 @default.
- W4302529343 hasConcept C73916439 @default.
- W4302529343 hasConcept C89714869 @default.
- W4302529343 hasConcept C91575142 @default.
- W4302529343 hasConceptScore W4302529343C106159729 @default.
- W4302529343 hasConceptScore W4302529343C119599485 @default.
- W4302529343 hasConceptScore W4302529343C121332964 @default.
- W4302529343 hasConceptScore W4302529343C126255220 @default.
- W4302529343 hasConceptScore W4302529343C127413603 @default.
- W4302529343 hasConceptScore W4302529343C137631369 @default.
- W4302529343 hasConceptScore W4302529343C154945302 @default.
- W4302529343 hasConceptScore W4302529343C159176650 @default.
- W4302529343 hasConceptScore W4302529343C160623529 @default.
- W4302529343 hasConceptScore W4302529343C162324750 @default.
- W4302529343 hasConceptScore W4302529343C163258240 @default.
- W4302529343 hasConceptScore W4302529343C170131372 @default.
- W4302529343 hasConceptScore W4302529343C175444787 @default.
- W4302529343 hasConceptScore W4302529343C206658404 @default.
- W4302529343 hasConceptScore W4302529343C2524010 @default.
- W4302529343 hasConceptScore W4302529343C2775924081 @default.
- W4302529343 hasConceptScore W4302529343C28761237 @default.
- W4302529343 hasConceptScore W4302529343C33923547 @default.
- W4302529343 hasConceptScore W4302529343C37404715 @default.
- W4302529343 hasConceptScore W4302529343C41008148 @default.
- W4302529343 hasConceptScore W4302529343C62520636 @default.
- W4302529343 hasConceptScore W4302529343C73916439 @default.
- W4302529343 hasConceptScore W4302529343C89714869 @default.
- W4302529343 hasConceptScore W4302529343C91575142 @default.
- W4302529343 hasLocation W43025293431 @default.
- W4302529343 hasOpenAccess W4302529343 @default.
- W4302529343 hasPrimaryLocation W43025293431 @default.
- W4302529343 hasRelatedWork W1578071517 @default.
- W4302529343 hasRelatedWork W1657652117 @default.
- W4302529343 hasRelatedWork W1971848286 @default.
- W4302529343 hasRelatedWork W2001943330 @default.
- W4302529343 hasRelatedWork W2022426996 @default.
- W4302529343 hasRelatedWork W2197632722 @default.
- W4302529343 hasRelatedWork W2263747200 @default.
- W4302529343 hasRelatedWork W2360415014 @default.
- W4302529343 hasRelatedWork W2361951631 @default.
- W4302529343 hasRelatedWork W4302529343 @default.
- W4302529343 isParatext "false" @default.
- W4302529343 isRetracted "false" @default.
- W4302529343 workType "article" @default.