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
Distribution Statement : APPROVED FOR PUBLIC RELEASE