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A Dynamic Planning Technique for Continuous Activities Under Multiple Resource Constraints

Mufit Ozden
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Mufit Ozden: Department of Systems Analysis, Miami University, Oxford, Ohio 45056

Management Science, 1987, vol. 33, issue 10, 1333-1347

Abstract: The solution technique developed in this paper integrates the simplex search algorithm into the recursive calculations of dynamic programming in order to mitigate the "curse-of-dimensionality." Since differentiation is not required as a means of optimization procedure, it is expected that this technique will have an important impact on planning problems, such as the multiple resource allocation problems which involve nondifferentiable and/or highly nonlinear performance functions. Applications of the technique to very complex problems seem to confirm the anticipated polynomial average performance.

Keywords: dynamic programming; simplex search (search for similar items in EconPapers)
Date: 1987
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