In it, they use dynamic programming to create a retirement income strategy for a simplified world with three time periods and two investment outcomes.

The previous article in this issue dealt with the general principles of Dynamic Programming. In this article Professor Lindley shows how Dynamic Programming links up with certain decision problems in ...

Among the principal techniques used in the paper are dynamic programming for both bucking and sawing, and a procedure for calculating the distance between two polyhedral sets in R 2. Computational ...