In this paper we describe a numerical solution of the consumer's life-cycle problem based on value function iteration. The advantage of our approach is that it retains the versatility of the value function iteration approach and achieves a high degree of accuracy without resorting to the very comput
A sampling-based method for generating nondominated solutions in stochastic MOMP problems
β Scribed by Jeffrey L. Ringuest; Samuel B. Graves
- Book ID
- 108445612
- Publisher
- Elsevier Science
- Year
- 2000
- Tongue
- English
- Weight
- 122 KB
- Volume
- 126
- Category
- Article
- ISSN
- 0377-2217
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