Journal of the Korean Statistical Society

The Korean Statistical Society (한국통계학회)
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Optimal Control of a Dam with a Compound Poisson Input

  • Lee, Ji-Yeon (Department of Statistics, Yeungnam University, Kyongsan 712-749) ;
  • Lee, Eui-Yong (Department of Mathematics, Pohang University of Science and Technology, San 31 Hyoja-dong, Pohang 790-784)
  • Published : 1997.03.01
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Abstract

An infinite dam with a compound Poisson input having exponential jumps is considered. As an output policy, we adopt the $P_{\lambda}$$^{M}$ Policy. After assigning costs to the dam we obtain the long-rum average cost per unit time of operating the dam and find the optimal values of .lambda. and M which minimize the long-run average cost.t.

Keywords

References

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