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This paper proposes a numerical technique for the approximation of the solution of a class of piecewise deterministic control problems typically associated with manufacturing flow control models. This algorithm exploits the structure of Markov decision process with continuous state and action spaces that can be associated with piecewise deterministic control systems. The numerical method is based...
The interaction between a utility company and electricity cogenerators is modeled via a game-theoretic, systems analysis approach, under the assumption of asymmetric pricing of electricity purchased or sold by the cogenerators. The pricing scheme is derived from the PURPA legislation prevailing in the United States, and is compared to an efficient operation of the global system. Two variations of...
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