Bergen Open Research Archive

SOPS – A Tool to Find Optimal Policies in Stochastic Dynamic Systems

Bergen Open Research Archive

Show simple item record Krakenes, Arne Moxnes, Erling 2006-11-27T13:04:16Z 2006-11-27T13:04:16Z 2005
dc.identifier.issn 1503-4860 (print version)
dc.description.abstract The task of finding optimal policies in stochastic dynamic systems is challenging. The theory of stochastic dynamic programming (SDP) is quite complex and the available software packages are not intended for non-specialists. Furthermore, SDP is traditionally limited to quite small and well defined problems. Stochastic optimisation in policy space (SOPS) seems to be an attractive alternative, particularly for people with a background in simulation of dynamic systems. However, to date no user friendly software has been available for this method. In this paper we present and demonstrate a new program package for this task. The resulting software allows the user to formulate the model in a well-known simulation program, Powersim Studio 2005. The model is automatically transferred to a standalone program. The SOPS program allows the user to reset model parameters, to specify search criteria, and to study the results of repeated searches for optimal policies. en
dc.format.extent 433392 bytes
dc.format.mimetype application/pdf
dc.language.iso eng en
dc.publisher The University of Bergen en
dc.relation.ispartofseries Working Papers in System Dynamics en
dc.relation.ispartofseries 2/2005
dc.subject Monte Carlo en
dc.subject Stochastic dynamic optimization en
dc.subject User friendly en
dc.subject Search en
dc.subject Optimization in policy space en
dc.title SOPS – A Tool to Find Optimal Policies in Stochastic Dynamic Systems en
dc.type Working paper en
dc.subject.nsi VDP::Samfunnsvitenskap: 200::Samfunnsgeografi: 290 no

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