Application of Dynamic Programming to a Discrete Stochastic Control Problem.

Abstract

The paper analyzes a monopoly firm model by use of dynamic programming. A general result is obtained for the deterministic version of the model and then a similar result is obtained for the two stage stochastic problem. The general results for the stochastic version are indicated. (Author)

Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1971
Accession Number
AD0720745

Entities

People

  • J. L. Oglesby
  • R. R. Hocking

Organizations

  • Texas A&M University

Tags

DTIC Thesaurus Topics

  • Applied Mathematics
  • Computer Programming
  • Computing-Related Activities
  • Dynamic Programming
  • Interdisciplinary Science
  • Mathematical Programming
  • Mathematics
  • Operations Research
  • Probability
  • Stochastic Control

Fields of Study

  • Mathematics

Readers

  • Economics
  • Mathematical Modeling and Probability Theory.