ABSTRACT
In (Haavardsson et al., 2008) a parametric class of production strategies was introduced. Using the framework of (Huseby & Haavardsson, 2009) it can be shown that under mild restrictions on the objective function an optimal strategy can be found within this class. The number of parameters needed to span the class is bounded by the number reservoirs. Thus, an optimal strategy within this class can be found using a standard numerical optimization algorithm. This makes it possible to handle complex, highdimensional cases. Furthermore, uncertainty may be included, enabling robustness and sensitivity analysis.
