AMS 556, Dynamic Programming
Stochastic and deterministic multistage optimization problems. Stochastic path problems. Principle of optimality. Recursive and functional equations. Method of successive approximations and policy iteration. Applications to finance, economics, inventory control, maintenance, inspection, and replacement problems. This course is offered as both MBA 556 and AMS 556.
Prerequisite: AMS 550
3 credits, ABCF grading

Text: Lecture Notes available on Blackboard

Fall Semester

Fall 2008 Section
Eugene Feinberg, TuTh 12:50-2:10 pm, Physics P125, AMS556 Webpage