Warren B. Powell; Approximate Dynamic Programming: Solving the Courses of Dimensionality; John Wiley & Sons, 2007. [topics 5 and 6 not in the textbook] prerequisites. Basic knowledge of probability ...

Dynamic programming provides a road map at each point in time for optimal spending and asset allocation, which have been determined by first considering optimal future behavior stemming from today ...

We will introduce the concept of dynamic programming using a simple example of the "rod cutting problem". ... The exam is open book and notes. You may access your own notes and any resources available ...