Accession Number : AD0642055

Title :   ELEMENTS OF SEQUENTIAL DECISION PROCESSES,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Denardo,E. V. ; Mitten,L. G.

Report Date : OCT 1966

Pagination or Media Count : 40

Abstract : The memorandum partially elucidates and mildly extends the class of optimization problems to which the methods of dynamic programming are applicable. It contains the analysis of a simple but broad class of dynamic programming problems and a heuristic approach to a broader class of dynamic programming problems. The common elements of these problems are collected under the name 'sequential decision process.' Since the analytic techniques used are fairly elementary, the memorandum also serves as an introduction to dynamic programming. In addition, it provides models with which an individual can determine the sometimes involved issue of whether the techniques of dynamic programming can be applied to his problem. Also included is an algorithm that can be used to analyze a broad array of sequential decision processes. (Author)

Descriptors :   (*DYNAMIC PROGRAMMING, OPTIMIZATION), DECISION THEORY, FUNCTIONS(MATHEMATICS)

Subject Categories : Numerical Mathematics

Distribution Statement : APPROVED FOR PUBLIC RELEASE