Search Results - subject:"Stochastic Dynamic Programming"

Optimal On-Farm Grain Storage by Risk-Averse Farmers

Lai, Jing-Yi; Myers, Robert J.; Hanson, Steven D. - In: Journal of Agricultural and Resource Economics 28 (2003) 03

Most previous research on post-harvest grain storage by farmers has assumed risk-neutral behavior and/or made restrictive assumptions about underlying price probability distributions. In this study, we solve the optimal on-farm storage problem for a risk-averse farmer under more general...

Persistent link: https://www.econbiz.de/10005484206

The Costate Variable in a Stochastic Renewable Resource Model

Lyon, Kenneth; Pande, Saket - Department of Applied Economics, Utah State University - 2003

In this paper we discuss the costate variable in a stochastic optimal control model of a renewable natural resource, which we call a fishery. The role of the costate variable in deterministic control models has been discussed extensively in the literature. See, for example, Lyon (1999), Clark...

Persistent link: https://www.econbiz.de/10005426974

Development of Operational Policy for a Multi-reservoir System in India using Genetic Algorithm

Jothiprakash, V.; Shanthi, Ganesan; Arunkumar, R. - In: Water Resources Management 25 (2011) 10, pp. 2405-2423

A genetic algorithm (GA) and a backward moving stochastic dynamic programming (SDP) model has been developed for …

Persistent link: https://www.econbiz.de/10010794285

Optimizing competitive uses of water for irrigation and fisheries

Tran, Lap Doc; Schilizzi, Steven; Chalak, Morteza; … - In: Agricultural Water Management 101 (2011) 1, pp. 42-51

study examines this problem for reservoir managers where water use involves irrigation and fisheries. A stochastic dynamic … programming (SDP) model is developed to facilitate reservoir management, using a case study illustration for southern Vietnam. The …

Persistent link: https://www.econbiz.de/10010572967

On discounted dynamic programming with unbounded returns

Matkowski, Janusz; Nowak, Andrzej - In: Economic Theory 46 (2011) 3, pp. 455-474

Persistent link: https://www.econbiz.de/10008925171

Inventory Management of Platelets in Hospitals: Optimal Inventory Policy for Perishable Products with Regular and Optional Expedited Replenishments

Zhou, Deming; Leung, Lawrence C.; Pierskalla, William P. - In: Manufacturing & Service Operations Management 13 (2011) 4, pp. 420-438

Platelets are short-life blood components used in hospital blood transfusion centers. Excluding time for transportation, testing, and arrangement, clinically transfusable platelets have a mere three-day life span. This paper analyzes a periodic review inventory system for such a perishable...

Persistent link: https://www.econbiz.de/10010630520

Production planning of a hybrid manufacturing : remanufacturing system under uncertainty within a closed-loop supply chain

Kenné, Jean-Pierre; Dejax, Pierre; Gharbi, Ali - In: International journal of production economics 135 (2011) 1, pp. 81-93

Persistent link: https://www.econbiz.de/10009389125

Multistage System Planning for Hydrogen Production and Distribution

Huang, Yongxi; Fan, Yueyue; Johnson, Nils - In: Networks and Spatial Economics 10 (2010) 4, pp. 455-472

Persistent link: https://www.econbiz.de/10008776070

Neuro-dynamic programming for the efficient management of reservoir networks

de Rigo, Daniele; Rizzoli, Andrea Emilio; … - Volkswirtschaftliche Fakultät, … - 2001

The management of a water reservoir can be improved thanks to the use of stochastic dynamic programming (SDP) to …

Persistent link: https://www.econbiz.de/10011258791

Comparison of Policies Derived from Stochastic Dynamic Programming and Genetic Algorithm Models

Jothiprakash, V.; Shanthi, Ganesan - In: Water Resources Management 23 (2009) 8, pp. 1563-1580

result of the GA model is compared with the performance of a detailed Stochastic Dynamic Programming (SDP) model. The SDP …

Persistent link: https://www.econbiz.de/10010794596