Technical Note—An Adjustment to the Norman-White Approach to Approximating Dynamic Programs

DOI10.1287/opre.27.6.1203zbMath0442.90074OpenAlexW2104990521MaRDI QIDQ3885532

Evan L. Porteus

Publication date: 1979

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.27.6.1203

zbMATH Keywords

expectationsstochastic dynamic problemsapproximation of dynamic programsapproximation of the transition mechanismNorman-White approachpolicy improvement step

Mathematics Subject Classification ID

Stochastic programming (90C15) Inventory, storage, reservoirs (90B05) Dynamic programming (90C39)

Related Items (3)

Bounds for the approximation of dynamic programs ⋮ Optimal scheduling of income tax prepayments under stochastic incomes ⋮ Production planning with discounting and stochastic demands

This page was built for publication: Technical Note—An Adjustment to the Norman-White Approach to Approximating Dynamic Programs