Optimal Control on Energy

Abstract:

It is generally true that energy authorities always pursue optimal electrical power generation for use by the population at large. This text extends the application of the basic model of Rebelo’s Cobb-Douglas production model in order to calculate ways in which energy authorities (power companies) can generate optimal electricity using their existing equipment. This paper also applies that governments can utilize the concept of Environment Rent and the Contribution Theory from traditional Chinese philosophy to face the energy issues. Besides, the paper attempts to calculate and identify optimal solutions from these mathematics models, an approach which is rarely seen in the power generation journals. The use if existing equipment to optimize electricity (power) generation for the population will have an impact on economical development and electricity control. The appropriate control of power generation can effectively reduce the use of certain dangerous and polluting energy sources, and this is the main contribution of this study.

• Periodical: Advanced Materials Research (Volumes 512-515)
• Pages: 1185-1188
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.512-515.1185
• Online since: May 2012
• Authors: Miao Sheng Chen, Yung Tse Tsai
• Keywords: Cobb-Douglas

References

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DOI: 10.1086/261420