The document discusses the development and application of dynamic programming as a mathematical approach for solving multistage decision processes across various fields, including engineering and economics. It emphasizes the need for new methods to address complex optimization problems and outlines the structure and content of the report, which includes chapters on one-dimensional and multidimensional allocation processes, computational techniques, and the theory of control processes. The authors, Richard E. Bellman and Stuart E. Dreyfus, detail their systematic study of computational feasibility and the advantages of dynamic programming in providing precise numerical solutions.
The document discusses the development and application of dynamic programming as a mathematical approach for solving multistage decision processes across various fields, including engineering and economics. It emphasizes the need for new methods to address complex optimization problems and outlines the structure and content of the report, which includes chapters on one-dimensional and multidimensional allocation processes, computational techniques, and the theory of control processes. The authors, Richard E. Bellman and Stuart E. Dreyfus, detail their systematic study of computational feasibility and the advantages of dynamic programming in providing precise numerical solutions.