Dynamic Programming and Mathematical Economics

Richard Ernest Bellman

ResearchPublished 1963

A description of the uses and contributions of the mathematical theory known as dynamic programming to certain problems in economics. Examples are the optimal allocation of resources, and multistage decision processes that involve planning and learning in the face of uncertainty (i.e., adaptive control processes).

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Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1963
  • Pages: 16
  • Document Number: RM-3539-PR

Citation

Chicago Manual of Style

Bellman, Richard Ernest, Dynamic Programming and Mathematical Economics. Santa Monica, CA: RAND Corporation, 1963. https://www.rand.org/pubs/research_memoranda/RM3539.html.
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