Allocation of control points in stochastic dynamic-programming models

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

The question of allocation of control points in stochastic dynamic-programming models from different areas is considered. A widely used approach is to choose equal time intervals between successive control points. Conditions under which this choice may cease to be optimal are discussed. Two different approaches to statement and solution of a production-control problem are presented.

Original languageEnglish
Pages (from-to)847-853
Number of pages7
JournalJournal of the Operational Research Society
Volume39
Issue number9
DOIs
StatePublished - 1 Jan 1988

Keywords

  • Control points
  • Dynamic programming
  • Production control

ASJC Scopus subject areas

  • Management Information Systems
  • Strategy and Management
  • Management Science and Operations Research
  • Marketing

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