Inexact stochastic dynamic programming method and application to water resources management in Shandong China under uncertainty

2012 ◽  
Vol 27 (5) ◽  
pp. 1207-1219 ◽  
Author(s):  
J. J. Gu ◽  
P. Guo ◽  
G. H. Huang
2019 ◽  
Vol 11 (24) ◽  
pp. 6926 ◽  
Author(s):  
Zhenfang Liu ◽  
Yang Zhou ◽  
Gordon Huang ◽  
Bin Luo

In this study, a dual interval robust stochastic dynamic programming (DIRSDP) method is developed for planning water resources management systems under uncertainty. As an extension of the existing interval stochastic dynamic programming (ISDP) method, DIRSDP can deal with two-stage stochastic programming (TSP)-based planning problems associated with dynamic features, input uncertainties, and multistage concerns. Compared with other optimization methods dealing with uncertainties, the developed DIRSDP method has advantages in addressing uncertainties with complex presentations and reflecting decision makers’ risk-aversion attitudes within its optimization process. Parameters in the DIRSDP model can be represented as probability distributions as well as single and/or dual intervals. Decision makers’ risk-aversion attitudes can be reflected through restricting the deviation of the recourse costs to a tolerance level. Water-allocation plans can then be developed based on the analysis of tradeoffs between the system benefit and solution robustness. The developed method is applied to a case of water resources management planning. The solutions are reasonable, indicating applicability of the developed methodology.


2021 ◽  
Vol 38 (03) ◽  
pp. 2040014
Author(s):  
Hongtao Hu ◽  
Jiao Mo ◽  
Lufei Huang

This paper considers the ship size optimization problem for a liner shipping company that provides feeder service between one hub port and one feeder port. In the maritime market with uncertainty, this problem becomes more challenging. This research first analyzes the decision behaviors of the shipping company. Then, a stochastic dynamic programming method is proposed to calculate the expected total volume of containers transported within the planning horizon. Using the calculated volumes as input parameters calculate the profit of each ship sizes and then determine the suitable ship size for the feeder route. Numerical experiments are performed to validate the effectiveness of the proposed method and the efficiency of the proposed algorithm.


Ecopersia ◽  
2016 ◽  
Vol 4 (4) ◽  
pp. 1555-1567 ◽  
Author(s):  
Mohammad Reza Dahmardeh Ghaleno ◽  
◽  
Vahedberdi Sheikh ◽  
Amir Sadoddin ◽  
Mahmood Sabouhi Sabouni ◽  
...  

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