Dynamic Programming

Catalog description

Theory and application of dynamic programming; Markov decision processes with emphasis on applications in engineering systems, supply chain and information systems. I E (SC&IS) 519 Dynamic Programming (3) This course presents the basic theory and applications of dynamic programming. The focus of the course will be on the theory of Markov decision processes (MDP), which provides an analytical tool to optimally control the behavior of a Markov Chain. The students will learn fundamental MDP models, computational methods and applications in supply chain and information systems, including production and inventory control, quality control, logistics, scheduling, queueing network, and economic problems.Student evaluations are based on class participation, individual and group assignments, and projects. This course will be offered during Spring semester for approximately 5-10 students.