In addition to other methods we’ve discussed, a third type of variable spending model uses dynamic programming methods. These methods rely on complex computing power and mathematical equations to ...

The previous article in this issue dealt with the general principles of Dynamic Programming. In this article Professor Lindley shows how Dynamic Programming links up with certain decision problems in ...

Start working toward program admission and requirements right away. Work you complete in the non-credit experience will transfer to the for-credit experience when you ...

Mathematics of Operations Research, Vol. 4, No. 1 (Feb., 1979), pp. 60-69 (10 pages) The policy iteration method of dynamic programming is studied in an abstract setting. It is shown to be equivalent ...