We present a novel linear program for the approximation of the dynamic programming cost-to-go function in high-dimensional stochastic control problems. LP approaches to approximate DP have typically ...

Management Science, Vol. 31, No. 4 (Apr., 1985), pp. 422-434 (13 pages) A model for measuring the economic benefits of irrigation system development over a depleting aquifer is presented, along with ...

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 ...

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 ...