Multiperiod Optimization: Dynamic Programming vs. Optimal Control: Discussion

نویسنده

  • Hovav Talpaz
چکیده

So, have the dynamic programming's day arrived or not? From Burt's comprehensive review, one may possibly draw both answers: yes and no. The positive response is only logical given the list of applications in his paper for the last 20 years or so, which is by no means a complete one. Burt's useful suggestions of how to apply dynamic programming in the multi-dimensional state variable problems illustrate the much wider areas of applications which may be tried with high chance of success. On the other hand, difficulties arise with reducing the system's dimension and number of stages. The need for experience and creative imagination in using the dynamic programming methodology still leaves it out of range for many. In my discussion, I first comment briefly on Burt's major points, then prerequisites for popularizing dynamic programming will be laid out, two additional algorithms will be suggested, followed by a few comments on Zilberman's paper and some closing remarks.

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تاریخ انتشار 2003