Decision-making often involves trial and error, but conventional models assume we always act optimally based on past ...

C. J. Himmelberg, T. Parthasarathy, F. S. VanVleck, Optimal Plans for Dynamic Programming Problems, Mathematics of Operations ... including optimization, mathematical and dynamic programming, ...

, Michael P. Keane, Decision-Making under Uncertainty: Capturing Dynamic Brand Choice Processes in Turbulent Consumer Goods Markets, Marketing Science, Vol. 15, No. 1 (1996), pp. 1-20 ...

A well-established mathematical algorithm known as dynamic programming, combined with advances in personal computing power, now allows straightforward optimization of fixed-bed catalyst life ...