What is it about?
In this consideration, the study of a large dam reduces to heavy-traffic analysis of queueing systems and finding the optimal value of the appropriate parameters minimizing long-run expenses.
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Why is it important?
It is a solution of difficult problem. The solution provides new knowledge about the way of asymptotic analysis of classic queueing systems such as that considered in the paper.
Perspectives
The paper can be useful for people who studies queueing systems, since it contains interesting information about its asymptotic study. As well, paper is useful for people working in the area of modelling complex systems.
Dr Vyacheslav Abramov
Monash University
Read the Original
This page is a summary of: Optimal control of a large dam with compound Poisson input and costs depending on water levels, Stochastics, November 2018, Taylor & Francis,
DOI: 10.1080/17442508.2018.1551395.
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