What is the importance of dynamic programming in OR? And is it different from time series analysis and planning ? To me the word "dynamic" makes no sense about what exactly this programming means. I request all the members to kindly clarify my confusion. thank you so much in advance |
Dynamic programming refers to optimization over multiple stages. You can read about the choice of the name http://www.wu.ac.at/usr/h99c/h9951826/bellman_dynprog.pdf It has little to do with time series analysis. answered 08 Jan '12, 11:16 Michael Trick ♦♦ |
answered 08 Jan '12, 11:23 fbahr ♦ |
Ram, you are in good company. Recently, the mathematical programming society changed its name into mathematical optimization society (MOS, http://www.mathopt.org/) for a similar reason: people are confused (at best) about the name "programming". answered 08 Jan '12, 11:24 Marco Luebbecke ♦ |