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We consider the optimal operation of a hydroelectric plant supplemented by a set of thermal plants. The initial model gives rise to a discrete minimization problem with a convex cost function, submitted to both concave and convex restrictions. The geometry of the water reservoir is taken into...
Persistent link: https://www.econbiz.de/10010999769
For univariate functions, we compute optimal breakpoint systems subject to the condition that the piecewise linear approximation (or, under- and overestimator) never deviates more than a given δ-tolerance from the original function, over a given finite interval. The linear approximators, under-...
Persistent link: https://www.econbiz.de/10010748269
Each year in the postsecondary education industry, schools offer admission to nearly 3 million new students and scholarships totaling nearly $100 billion. This is a large, understudied targeted marketing and price discrimination problem. This problem falls into a broader class of configuration...
Persistent link: https://www.econbiz.de/10010630452
We consider the optimal operation of a hydroelectric plant supplemented by a set of thermal plants. The initial model gives rise to a discrete minimization problem with a convex cost function, submitted to both concave and convex restrictions. The geometry of the water reservoir is taken into...
Persistent link: https://www.econbiz.de/10010759365
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