Discretizing Dynamic Programs
Abstract
Except in rare cases, it is necessary to discretize uncountable-state dynamic programs to obtain even an approximate solution. The paper assumes in the first two sections that the state space is compact, and so a finite grid can be constructed so that any point in the space is in the neighborhood of a grid point. The problem is to find conditions such that the approximations coverage to the solution of the original problem as the mesh becomes finer.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1970
- Accession Number
- AD0705463
Entities
People
- B. L. Fox
Organizations
- RAND Corporation