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Stochastic Multi-Stage Optimization: At the Crossroads between Discrete Time Stochastic Control and Stochastic Programming (Probability Theory and Stochastic Modelling, 75)

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Stochastic Multi-Stage Optimization: At the Crossroads between Discrete Time Stochastic Control and Stochastic Programming (Probability Theory and Stochastic Modelling, 75) image
ISBN-10:

3319365150

ISBN-13:

9783319365152

Author(s): Cohen, Guy; Chancelier, Jean-Philippe
Edition: Softcover reprint of the original 1st ed. 2015
Released: Oct 09, 2016
Publisher: Springer
Format: Paperback, 379 pages
Related ISBN: 9783319181370
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Description:

The focus of the present volume is stochastic optimization of dynamical systems in discrete time where - by concentrating on the role of information regarding optimization problems - it discusses the related discretization issues. There is a growing need to tackle uncertainty in applications of optimization. For example the massive introduction of renewable energies in power systems challenges traditional ways to manage them. This book lays out basic and advanced tools to handle and numerically solve such problems and thereby is building a bridge between Stochastic Programming and Stochastic Control. It is intended for graduates readers and scholars in optimization or stochastic control, as well as engineers with a background in applied mathematics.

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