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Approximate dynamic programming for storage problems

Publication ,  Journal Article
Hannah, LA; Dunson, DB
Published in: Proceedings of the 28th International Conference on Machine Learning Icml 2011
October 7, 2011

Storage problems are an important subclass of stochastic control problems. This paper presents a new method, approximate dynamic programming for storage, to solve storage problems with continuous, convex decision sets. Unlike other solution procedures, ADPS allows math programming to be used to make decisions each time period, even in the presence of large state variables. We test ADPS on the day ahead wind commitment problem with storage. Copyright 2011 by the author(s)/owner(s).

Duke Scholars

Published In

Proceedings of the 28th International Conference on Machine Learning Icml 2011

Publication Date

October 7, 2011

Start / End Page

337 / 344
 

Citation

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Hannah, L. A., & Dunson, D. B. (2011). Approximate dynamic programming for storage problems. Proceedings of the 28th International Conference on Machine Learning Icml 2011, 337–344.
Hannah, L. A., and D. B. Dunson. “Approximate dynamic programming for storage problems.” Proceedings of the 28th International Conference on Machine Learning Icml 2011, October 7, 2011, 337–44.
Hannah LA, Dunson DB. Approximate dynamic programming for storage problems. Proceedings of the 28th International Conference on Machine Learning Icml 2011. 2011 Oct 7;337–44.
Hannah, L. A., and D. B. Dunson. “Approximate dynamic programming for storage problems.” Proceedings of the 28th International Conference on Machine Learning Icml 2011, Oct. 2011, pp. 337–44.
Hannah LA, Dunson DB. Approximate dynamic programming for storage problems. Proceedings of the 28th International Conference on Machine Learning Icml 2011. 2011 Oct 7;337–344.

Published In

Proceedings of the 28th International Conference on Machine Learning Icml 2011

Publication Date

October 7, 2011

Start / End Page

337 / 344