Continuous dynamic programming approach to inequalities
β Scribed by Seiichi Iwamoto; Chung-lie Wang
- Publisher
- Elsevier Science
- Year
- 1983
- Tongue
- English
- Weight
- 423 KB
- Volume
- 96
- Category
- Article
- ISSN
- 0022-247X
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
Inventory models of modern production and service operations should take into consideration possible exogenous failures or the abrupt decline of demand resulting from obsolescence. This article analyzes continuous-review versions of the classical obsolescence problem in inventory theory. We assume a
## Abstract In this paper we develop a simulationβbased approach to stochastic dynamic programming. To solve the Bellman equation we construct Monte Carlo estimates of __Q__βvalues. Our method is scalable to high dimensions and works in both continuous and discrete state and decision spaces while a