Accession Number:

AD0606938

Title:

ON THE K-TH BEST POLICIES

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1960-02-26

Pagination or Media Count:

16.0

Abstract:

It is shown how the functional equation technique of dynamic programming can be used to determine the optimal, second best, third best, etc., policies for various deterministic and stochastic multistage decision processes. This is of importance in various problems in combinatorial analysis, network and switching theory, feedback control, and sensitivity analysis. A routing problem is discussed in some detail.

Subject Categories:

  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE