Dynamic programming provides a road map at each point in time for optimal spending and asset allocation, which have been determined by first considering optimal future behavior stemming from today ...

This note deals with the manner in which dynamic problems, involving probabilistic constraints, may be tackled using the ideas of Lagrange multipliers and efficient solutions. Both the infinite and ...

A. L. Stoecker, A. Seidmann, G. S. Lloyd, A Linear Dynamic Programming Approach to Irrigation System Management with Depleting Groundwater, Management Science, Vol ...