Abstract
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 the 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 approach performs better than Dynamic Programming with respect to computational time. This is caused by the fact that Impulse Control does not need discretization in time.
| Original language | English |
|---|---|
| Place of Publication | Tilburg |
| Publisher | Operations research |
| Number of pages | 24 |
| Volume | 2012-079 |
| Publication status | Published - 2012 |
Publication series
| Name | CentER Discussion Paper |
|---|---|
| Volume | 2012-079 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure -
SDG 11 Sustainable Cities and Communities -
SDG 13 Climate Action -
SDG 15 Life on Land
Keywords
- Impulse Control Maximum Principle
- Optimal Control
- flood prevention
- dikes
- cost-benefit analysis
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