BUILDING MATHEMATICAL MODELS IN DYNAMIC PROGRAMMING
BUILDING MATHEMATICAL MODELS IN DYNAMIC PROGRAMMING

Summary/Abstract: In short, we can say that dynamic programming is a method of optimization of systems, using their mathematical representation in phases or sequences or as we say, periods. Such systems are common in economic studies at the implementation of programs on the most advanced techniques, such as for example that involving cosmic navigation. Another concept that is involved in the study of dynamic programs is the economic horizon (number of periods or phases that a dynamic program needs). This concept often leads to the examination of the convergence of certain variables on infinite horizon. In many cases from the real economy by introducing updating, dynamic programs can be made convergent.

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