Accession Number : AD0604983

Title :   DYNAMIC PROGRAMMING AND ITS APPLICATION TO VARIATIONAL PROBLEMS IN MATHEMATICAL ECONOMICS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Bellman,Richard

Report Date : 18 APR 1956

Pagination or Media Count : 50

Abstract : The purpose of this paper is to discuss some variational problems arising from mathematical economics, and some of the methods that can be used to treat these questions both analytically and computationally. The discussion is limited to important and interesting classes of processes, allocation and smoothing processes, and to a discussion of the application of the theory of dynamic programming to those processes. (Author)

Descriptors :   (*DYNAMIC PROGRAMMING, CALCULUS OF VARIATIONS), (*CALCULUS OF VARIATIONS, ECONOMICS), (*ECONOMICS, CALCULUS OF VARIATIONS), NUMERICAL ANALYSIS, NUMERICAL METHODS AND PROCEDURES, OPERATIONS RESEARCH

Distribution Statement : APPROVED FOR PUBLIC RELEASE