Dynamic programming solution of allocation problems.

by Stuart E. Dreyfus

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A discussion of the solution of allocation problems by means of the functional equation technique of dynamic programming. Dynamic programming is applied to static problems where allocation of a resource or resources is made to a variety of independent activities at a particular time. The formulation and computational solution of a simplified model is considered and then generalized to a more complex model. Numerical results are attained for the second model by use of the Lagrange multiplier approach.

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