DYNAMIC PROGRAMMING AND ITS APPLICATION TO VARIATIONAL PROBLEMS IN MATHEMATICAL ECONOMICS,
Abstract
The purpose of this paper is to discuss some variational problems arising from mathematical economics, and some of the methods that can be used to treat these questions both analytically and computationally. The discussion is limited to important and interesting classes of processes, allocation and smoothing processes, and to a discussion of the application of the theory of dynamic programming to those processes. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 18, 1956
- Accession Number
- AD0604983
Entities
People
- Richard E. Bellman
Organizations
- RAND Corporation