Dynamic Programming: An overview
نویسنده
چکیده
Intuitively, the approach of dynamic programming can be understood by recalling the theme of indirect utility from basic static consumer theory or a reduced form profit function generated by the optimization of a firm. This reduced form representations of payoffs summarizes information about the optimized value of the choice problems faced by households and firms. As we shall see, the theory of dynamic programming uses this insight in a dynamic context.
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تاریخ انتشار 2001