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Abstract This paper discusses the structure and formulation of dynamic programing models. R. Bellman's “Principle of Optimality” is reexamined for deterministic models. A formulation of the general stochastic dynamic programing model ie given and applied to an inventory model.
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Samuel Karlin (Thu,) studied this question.
synapsesocial.com/papers/6a1d53cc1c2cbcb15c5e21ea — DOI: https://doi.org/10.1002/nav.3800020408
Samuel Karlin
California Institute of Technology
Naval Research Logistics Quarterly
California Institute of Technology
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