Search Results - subject:"Dynamic Program"

Wildfire Hazards: An Analysis of Duration, Cost, and Size

Bayham, Jude; Yoder, Jonathan K. - Agricultural and Applied Economics Association - AAEA - 2012

Wildfires are managed in a complex dynamic environment where suppression effort, environmental, and geographic characteristics all influence wildfire outcomes. Suppression effort is largely driven by threats to values at risk. We develop a stochastic dynamic programming model of wildfire...

Persistent link: https://www.econbiz.de/10010916669

Computational Methods for Production-Based Asset Pricing Models with Recursive Utility

Aldrich, Eric M.; Kung, Howard - Duke University, Department of Economics - 2010

We compare local and global polynomial solution methods for DSGE models with Epstein- Zin-Weil utility. We show that model implications for macroeconomic quantities are relatively invariant to choice of solution method but that a global method can yield substantial improve- ments for asset...

Persistent link: https://www.econbiz.de/10009148802

Maintenance and investment: complements or substitutes? A reappraisal

Boucekkine, Raouf; Fabbri, Giorgio; Gozzi, Fausto - Department of Economics, Adam Smith Business School - 2009

. Keywords: Maintenance, investment, optimal control, dynamic program- ming, inflnite dimensional problem JEL classiflcation: E22 …

Persistent link: https://www.econbiz.de/10004999726

Exact methods for the single-item multi-plant capacitated lot sizing problem coupled with transportation

AKBALIK, Ayse; PENZ, Bernard - Center for Operations Research and Econometrics (CORE), … - 2007

the problem is NP-hard in the ordinary sense. We then compare the computational time of this dynamic program to that of a … that the problem is NP-hard in the ordinary sense. We then compare the computational time of this dynamic program to that … computational time. Keywords: multi-plant production, transportation, single-item capacitated lot sizing problem, dynamic …

Persistent link: https://www.econbiz.de/10005043198

SUPPLY CHAINS FACING ATYPICAL DEMAND: OPTIMAL OPERATIONAL POLICIES AND BENEFITS UNDER INFORMATION SHARING

Baruah, Pundarikaksha - Volkswirtschaftliche Fakultät, … - 2006

Demand patterns for products with seasonality and or short life-cycles do not follow a clear discernible pattern (to allow predictive time-series modeling of demand) for individual sales events or seasons due to such factors as considerable demand volatility, product promotions, and unforeseen...

Persistent link: https://www.econbiz.de/10005040689