scientific article; zbMATH DE number 1983335

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Unabridged republication of the textbook first published in 1982 (not reviewed in Zbl), designed for those who seek an acquaintance with dynamic programming. The text is divided into 8 chapters and 2 supplements. Chapter 1 is an introduction to sequential decision processes, Chapter 2 studies one simple sequential decision process, namely the shortest-route problem. A dynamic programming approach to models of resource allocation is contained in Chapter 3. Chapters 4 and 5 apply dynamic programming to some control problems. Chapter 4 investigates methods for approximating solutions to control problems in continuous time and Chapter 5 focuses on studying production control with a special emphasis on economies of scale and on diseconomies of scale. Decision making with uncertain future is studied in Chapter 6. Chapter 7 is devoted to the application of dynamic programming to inventory control. A discounted Markov decision model with infinite horizon is studied in Chapter 8. Supplement 1 is devoted to various ways of organizing data and Supplement 2 contains some important properties of convex functions. At the end of each chapter the reader will find exercises to the material presented in the corresponding chapter.




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