This work presents a potent multiobjective multiverse algorithm to solve the highly complicated dynamic economic emission dispatch problem. Solving the dynamic economic dispatch problem with power balance equality constraint, valve point constraints, and ramp limit constraints not only minimizes...

This paper investigates extensions of the method of endogenous gridpoints (ENDGM) introduced by Carroll (2006) to higher dimensions with more than one continuous endogenous state variable. We compare three different categories of algorithms: (i) the conventional method with exogenous grids...

I introduce and evaluate a new stochastic simulation method for dynamic economic models. It is based on recent work in the operations research and engineering literatures (Van Roy et. al, 1997; Powell, 2007; Bertsekas, 2011). The baseline method involves rewriting the household’s dynamic program in...

Topics of Linear Algebra -- Introduction to Functions of Several Real Variables -- Introduction to Convex Analysis -- Static Optimization -- Linear Programming -- Continuous Dynamical Systems -- Discrete Dynamical Systems -- Introduction to Dynamic Optimization.