Cover: On the computational solution of dynamic-programming processes--VIII: a bottleneck situation involving interdependent industries.

On the computational solution of dynamic-programming processes--VIII: a bottleneck situation involving interdependent industries.

Published 1957

by Richard Ernest Bellman, Stuart E. Dreyfus

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An examination of the computational solution of a maximization problem arising in the study of the use of interdependent industries. Assuming proportional costs and returns, it is shown that the dimensionality of the problem can always be reduced by one, and that all the transformations occurring can be taken to be "shrinking transformations." These transformations improve greatly the efficiency of the method. 16 pp.

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