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Dynamic Programming over a Continuous and Disjoint Multidimensional Search Space with an Infinite Time Horizon

Richard E. Hawkins (), Jack Dekkers () and James B. Kleibenstein ()
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Richard E. Hawkins: Iowa State University
Jack Dekkers: Iowa State University
James B. Kleibenstein: Iowa State University

No 811, Computing in Economics and Finance 1999 from Society for Computational Economics

Abstract: Dynamic programming with continuous choice variables generally assumes compact search spaces. Collapsing disjoint n-dimensional bubbles within the space, creating and indexing new bubbles as needed, pushes back the "curse of dimensionality." An animal-breeding optimization is used as an example. The method could solve complex optimal-growth problems.

Date: 1999-03-01
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Persistent link: https://EconPapers.repec.org/RePEc:sce:scecf9:811

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More papers in Computing in Economics and Finance 1999 from Society for Computational Economics CEF99, Boston College, Department of Economics, Chestnut Hill MA 02467 USA. Contact information at EDIRC.
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