Infinite Horizon Dynamic Programming Models--A Planning Horizon Formulation.
Abstract
Two major research areas in dynamic programming are the proper optimality criteria for infinite horizon models with divergent costs, and conditions under which planning horizon procedures can be effective. The author provides a formal framework for both problems by extending the regeneration set machinery developed by Lundin and Morton for the dynamic lot size model. The discussion is limited to discrete time models.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1975
- Accession Number
- ADA018188
Entities
People
- Thomas E. Morton
Organizations
- Carnegie Mellon University