In it, they use dynamic programming to create a retirement income strategy for a simplified world with three time periods and two investment outcomes.

Among the principal techniques used in the paper are dynamic programming for both bucking and sawing, and a procedure for calculating the distance between two polyhedral sets in R 2. Computational ...

When the state space becomes large, traditional techniques, such as the backward dynamic programming algorithm (i.e., backward induction or value iteration), may no longer be effective in finding a ...