Abstract

A stochastic multiobjective dynamic programming model is described for the optimal utilization of mineral resources for satisfying the energy demand of the national economy. The model is based on a special block-structure, where each block is characterized by its input and output vectors and state variables. The whole system is considered as a superposition of the subsystems defined by the individual blocks. Input-output and state transition relations are defined for each block, and the overall objectives of the whole system are defined by investment cost, production cost, manpower demand and environmental effect.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.