Search Results - subject:"DYNAMIC PROGRAMMING"

The Dynamic Lot-Size Model with Stochastic Lead Times

Nevison, Christopher; Burstein, Michael - In: Management Science 30 (1984) 1, pp. 100-109

. This characterization of optimal solutions facilitates dynamic programming approaches to this problem. …

Persistent link: https://www.econbiz.de/10009197399

A Comparison of the Optimal Ordering Levels of Bayesian and Non-Bayesian Inventory Models

Azoury, Katy S.; Miller, Bruce L. - In: Management Science 30 (1984) 8, pp. 993-1003

Although it is often the case that the parameters of the distribution of demand are not known with certainty and that a Bayesian formulation would be appropriate, such an approach is generally not used in inventory calculations for computational reasons. Since one often resorts to a non-Bayesian...

Persistent link: https://www.econbiz.de/10009208770

A Lot-Sizing Algorithm for Reducing Nervousness in MRP Systems

Kropp, Dean H.; Carlson, Robert C. - In: Management Science 30 (1984) 2, pp. 240-244

Previous work dealt with the problems of nervousness in Material Requirements Planning (MRP) Systems when production schedules were modified to include setups which previously had not been scheduled. In this work we further examine nervousness and its cost. By modifying the setup costs used in...

Persistent link: https://www.econbiz.de/10009209176

A Mixture of Dynamic Programming and Branch-and-Bound for the Subset-Sum Problem

Martello, Silvano; Toth, Paolo - In: Management Science 30 (1984) 6, pp. 765-771

(depth first search-dynamic programming) to the exact solution of the problem. An extensive computational experience is …

Persistent link: https://www.econbiz.de/10009214626

Fundamental methods of mathematical economics

Chiang, Alpha C. - 1984 - 3. ed., intern. ed.

Persistent link: https://www.econbiz.de/10000080065

Introductory optimization dynamics : optimal control with economics and management science applications

Tu, Pierre N.; Tu, Pierre N. - 1984

Persistent link: https://www.econbiz.de/10000073668

Introductory Optimization Dynamics : Optimal Control with Economics and Management Science Applications

Tu, Pierre Ninh - 1984

1 Introduction -- 2 The Calculus of Variations -- 3 Boundary Conditions in Variational Problems -- 4 Second Variations and Sufficiency Conditions -- 5 Optimal Control: The Variational Approach -- 6 Constrained Optimai Control Problems -- 7 Linear Optimal Control -- 8 Stabilization Control Models...

Persistent link: https://www.econbiz.de/10013521495

Introduction to stochastic dynamic programming

Ross, Sheldon M. - 1983

Persistent link: https://www.econbiz.de/10004677762

Optimal Sequential Investment Decisions Under Conditions of Uncertainty

Prastacos, Gregory P. - In: Management Science 29 (1983) 1, pp. 118-134

This paper presents a mathematical model of sequential investment behavior under conditions of uncertainty. The model addresses the problem of an investor with access to a limited pool of capital, who makes sequential decisions on long-lasting investments, under uncertainty as to the timing or...

Persistent link: https://www.econbiz.de/10009197310

Sequential Analysis of the Stay/Leave Decision: U.S. Air Force Officers

Gotz, Glenn A.; McCall, John J. - In: Management Science 29 (1983) 3, pp. 335-351

Force through ROTC. On average, the officers' stay/leave behavior conforms with the model's predictions. Dynamic programming … is the methodology used to construct the stay/leave model. Two versions of the dynamic programming model are considered …. First, a sequential decision model for a risk-neutral agent is developed. The second version of the dynamic programming …

Persistent link: https://www.econbiz.de/10009197439