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Optimal control of a dam using Pλ,τM policies and penalty cost when the input process is a compound Poisson process with positive drift

Part of: Markov processes Special processes

Published online by Cambridge University Press:  14 July 2016

Mohamed Abdel-Hameed
Mohamed Abdel-Hameed*
Affiliation:
United Arab Emirates University
*
∗Postal address: Department of Statistics, College of Business and Economics, United Arab Emirates University, PO Box 17555 Al-Ain, United Arab Emirates. Email address: mohameda@vacu.ac.ae
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Abstract

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.

Keywords

P^M_λ,τ policiespotentialinfinitesimal generatorcompound Poisson process with positive drifttotal discounted costlong-run average coststationary distribution

MSC classification

Primary: 60J25: Continuous-time Markov processes on general state spaces
Secondary: 60K25: Queueing theory
Type
Research Papers
Information
Journal of Applied Probability , Volume 37 , Issue 2 , June 2000 , pp. 408 - 416
Copyright
Copyright © by the Applied Probability Trust 2000 

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