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math.OC2023
Management strategies for hydropower plants a simple dynamic programming approach
Marcus Olofsson, André Berg Niklas L. P. Lundström
We use a dynamic programming approach to construct management strategies for a hydropower plant with a dam and a continuously adjustable unit. Along the way, we estimate unknown va…
stat.ME2023
Enhancing Precision with the Local Pivotal Method: A General Variance Reduction Approach
Marcus Olofsson, Anton Grafström, Niklas L. P. Lundström
The local pivotal method (LPM) is a successful sampling method for taking well-spread samples from discrete populations. We show how the LPM can be utilized to sample from arbitrar…