Optimal control of a dam using P
λ,τ
M policies and penalty cost when the input process is a compound Poisson process with positive drift
Keyword(s):
Long Run
◽
In this paper we consider the optimal control of an infinite dam using policies assuming that the input process is a compound Poisson process with a non-negative drift term, and using the total discounted cost and long-run average cost criteria. The results of Lee and Ahn (1998) as well as other well-known results are shown to follow from our results.
2019 ◽
Vol 673
◽
pp. 012062
2019 ◽
Vol 89
(16)
◽
pp. 3035-3045