Stochastic control in management of water supply systems

Stochastic control in management of water supply systems

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Article ID: iaor1991591
Country: Netherlands
Volume: 15
Start Page Number: 317
End Page Number: 321
Publication Date: Nov 1989
Journal: Engineering Costs and Production Economics
Authors: ,
Abstract:

We shall study the problem of how to estimate the influence of an unknown deviation of demand distribution and supply distribution on the cost function in the dynamic inventory problems such as arise from management of water supply systems if we choose a certain supply according to the expected demand and in advance posed probability α according to which we allowed for shortage of goods.

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