Title
An impulse control approach to dike height optimization An impulse control approach to dike height optimization
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Subject
Economics
Mathematics
Computer. Automation
Source (journal)
Optimization Methods & Software
Volume/pages
28(2013) :3 , p. 458-477
ISSN
1055-6788
ISI
000320093700006
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
This paper determines the optimal timing of dike heightenings as well as the corresponding optimal dike heightenings to protect against floods. To derive the optimal policy, we design an algorithm based on the Impulse Control Maximum Principle. In this way, this paper presents one of the first real-life applications of the Impulse Control Maximum Principle developed by Blaquiere. We show that the proposed impulse control (IC) approach performs better than dynamic programming with respect to computational time. This is caused by the fact that IC does not need discretization in time.
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