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Generalized restless bandits and the knapsack problem for perishable inventories
In this paper we introduce the knapsack problem for perishable inventories concerning the optimal dynamic allocation of a collection of products to a limited knapsack. The motivation for designing such a problem comes from ...
Optimal planning of slow-ramping power production in energy systems with renewables forecasts and limited storage
We address the cost-efficient operation of an energy production system under renewables uncertainty. We develop an MDP model for an idealized system with the following features: (1) perfectly predictable power demand, (2) ...