TY - GEN
T1 - On-line regulation of quality diffusion under quadratic costs
AU - Liu, John
AU - Nam, Seong Hyun
PY - 1998
Y1 - 1998
N2 - This paper concerns with quality processes that are inevitably subject to exogenous regulations so as to attain a desirable quality target. We address a specific version of such diffusion where the regulated quality process is characterized as of mean-reverting type process. The optimal regulation is found to be a surge-discharge control that can be characterized by a triplet including a discharge time, a stopping time, and a discharge function.
AB - This paper concerns with quality processes that are inevitably subject to exogenous regulations so as to attain a desirable quality target. We address a specific version of such diffusion where the regulated quality process is characterized as of mean-reverting type process. The optimal regulation is found to be a surge-discharge control that can be characterized by a triplet including a discharge time, a stopping time, and a discharge function.
UR - https://www.scopus.com/pages/publications/0031619460
UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-0031619460&origin=recordpage
M3 - RGC 32 - Refereed conference paper (with host publication)
VL - 3
SP - 1429
EP - 1431
BT - Proceedings - Annual Meeting of the Decision Sciences Institute
PB - Decis Sci Inst
T2 - Proceedings of the 1997 Annual Meeting of the Decision Sciences Institute. Part 1 (of 3)
Y2 - 22 November 1997 through 25 November 1997
ER -