Allocation of resources to randomly occurring opportunities

John N. Donis and Stedhen M. Pollock

Naval Research Logistics Quarterly, 1967, vol. 14, issue 4, 513-527

Abstract: An allocation problem is considered in lvhich different kinds of resources must be allocated to various activities, within a given time period. The opportunities for allo'cation appear randomly during this period. Certain assumptions about the values of possible allocations and the distribution of occurrences of opportunities lead to a dynamic programming formulation of the problem. This leads to a system of ordinary differential equations which are (in theory) solvable recursively, and can be solved numerically to any desired degree of precision. An example is given for the allocation of aircraft‐carried weapons to targets of opportunity.

Date: 1967
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/nav.3800140408

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:14:y:1967:i:4:p:513-527

Access Statistics for this article

More articles in Naval Research Logistics Quarterly from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().