A note on the stochastic shortest‐route problem
John S. Croucher
Naval Research Logistics Quarterly, 1978, vol. 25, issue 4, 729-732
Abstract:
This paper develops an algorithm for a “shortest route” network problem in which it is desired to find the path which yields the shortest expected distance through the network. It is assumed that if a particular arc is chosen, then there is a finite probability that an adjacent arc will be traversed instead. Backward induction is used and appropriate recursion formulae are developed. A numerical example is provided.
Date: 1978
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https://doi.org/10.1002/nav.3800250415
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:25:y:1978:i:4:p:729-732
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