Browsing Stony Brook University by Subject "Operations Research -- Energy"
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Switching On and Off the Full Capacity of an M/M/Infinity Queue & Dynamic Pricing and Power Generation Risk Management in Smart Grids (The Graduate School, Stony Brook University: Stony Brook, NY., 1-Dec-10)Part 1. We study a problem of optimal switching on and off the M/M/Infinity queue with holding, running and switching costs. We show that an optimal policy either always runs the system, or is defined by two thresholds M ...