Improved dynamic programming algorithms for sequential decision processes with applications to economic dispatches of power systems

2002 ◽  
Author(s):  
M. Sun
Keyword(s):  
Dynamic Programming ◽  
Power Systems ◽  
Decision Processes ◽  
Sequential Decision ◽  
Programming Algorithms ◽  
Improved Dynamic Programming

scholarly journals Three different operations research models for the same (s,S) policy

2001 ◽  
Vol 5 (1) ◽  
pp. 47-59
Author(s):  
Omar Ben-Ayed
Keyword(s):  
Dynamic Programming ◽  
Markov Chain ◽  
Operations Research ◽  
Decision Processes ◽  
Periodic Review ◽  
Inventory Problem ◽  
Sequential Decision ◽  
Review System ◽  
Numerical Example ◽  
Chain Dynamic

Operations Research techniques are usually presented as distinct models. Difficult as it may often be, achieving linkage between these models could reveal their interdependency and make them easier for the user to understand. In this article three different models, namely Markov Chain, Dynamic Programming, and Markov Sequential Decision Processes, are used to solve an inventory problem based on the periodic review system. We show how the three models converge to the same (s,S) policy and we provide a numerical example to illustrate such a convergence.

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