Linear Programming and Sequential Decisions
Published in Management Science • Apr 1, 1960
NobleIDNI6P69W92R98S65
Authors:
Alan S. Manne
Abstract
Using an illustration drawn from the area of inventory control, this paper demonstrates how a typical sequential probabilistic model may be formulated in terms of (a) an initial decision rule and (b) a Markov process, and then optimized by means of linear programming. This linear programming techniq...
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