Article ID: | iaor20014056 |
Country: | Netherlands |
Volume: | 129 |
Issue: | 3 |
Start Page Number: | 619 |
End Page Number: | 626 |
Publication Date: | Mar 2001 |
Journal: | European Journal of Operational Research |
Authors: | McKinnon K.I.M., Thomas L.C., Archibald T.W., Buchanan C.S. |
Keywords: | markov processes, inventory, control |
The paper extends the results of the form of the optimal policy for a hydroelectric reservoir problem from the one-reservoir case to multi-reservoir cases. The importance of these new results in practice is that they allow more efficient solution algorithms to be developed. Since multi-reservoir problems are extremely difficult to solve, such algorithms are of great value.