A stochastic multiobjective dynamic programming method with application to energy modelling

A stochastic multiobjective dynamic programming model is described for the optimal utilization of mineral resources for satisfying the energy demand of the national economy. The model is based on a special block-structure, where each block is characterized by its input and output vectors and state variables. The whole system is considered as a superposition of the subsystems defined by the individual blocks. Input-output and state transition relations are defined for each block, and the overall objectives of the whole system are defined by investment cost, production cost, manpower demand and environmental effect.