Accession Number:

ADA012902

Title:

Convergent Dynamic Programming.

Descriptive Note:

Technical rept.,

Corporate Author:

STANFORD UNIV CALIF DEPT OF OPERATIONS RESEARCH

Personal Author(s):

Report Date:

1974-12-30

Pagination or Media Count:

19.0

Abstract:

Dynamic programming models are studied with finite total absolute return for each policy. It is shown that the supremum of the total expected return over the nearly conserving policies equals the supremum over all policies. A characterization is given of the existence of optimal policies. It is proved that the existence of an optimal policy implies the existence of a stationary optimal policy.

Subject Categories:

  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE