Accession Number : AD0720745

Title :   Application of Dynamic Programming to a Discrete Stochastic Control Problem.

Descriptive Note : Themis optimization research program,

Corporate Author : TEXAS A AND M UNIV COLLEGE STATION INST OF STATISTICS

Personal Author(s) : Hocking,R. R. ; Oglesby,J. L.

Report Date : MAR 1971

Pagination or Media Count : 119

Abstract : The paper analyzes a monopoly firm model by use of dynamic programming. A general result is obtained for the deterministic version of the model and then a similar result is obtained for the two stage stochastic problem. The general results for the stochastic version are indicated. (Author)

Descriptors :   (*CONTROL SYSTEMS, MATHEMATICAL MODELS), (*DYNAMIC PROGRAMMING, STOCHASTIC PROCESSES), (*MANAGEMENT PLANNING AND CONTROL, MATHEMATICAL MODELS), DIFFERENCE EQUATIONS, DECISION MAKING, INEQUALITIES, RANDOM VARIABLES, MATRICES(MATHEMATICS), OPTIMIZATION

Subject Categories : Administration and Management
      Statistics and Probability
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE