To improve tractability, we investigate the linear programming-based approach to approximate dynamic programming. This approach can provide both feasible control policies and bounds on the MDPs' ...

A comparison of the number of calculations required under each approach is presented in Appendix A. Unlike most clustering approaches used in practice, the dynamic programming algorithm will always ...

Anders Karlstrom, Marten Palme, Ingemar Svensson, A Dynamic Programming Approach to Model the Retirement Behaviour of Blue-Collar Workers in Sweden, Journal of Applied Econometrics, Vol. 19, No. 6, ...

We construct the optimal distribution of reserves via a quartic-time dynamic programming algorithm. Due to the modular nature of the dynamic program, the mechanism is strategy-proof for ...