StudentShare solutions
Triangle menu

Dynamic Programming: Resource Allocation - Assignment Example


Extract of sample
Dynamic Programming: Resource Allocation

Introduction Managing business has become far more complex and because of this reason several techniques and methods have been introduced with the ability to solve different kinds of complex problems (Polak, & Rogers, & Sweeney, 2010). As businesses have faced several issues and complexities, one of the major benefits that businesses and entrepreneurs have seen over the recent years is the use of different programs and techniques that could assist them in analysing the situation better and help them in decision making (Ben-Ameur, Breton, & Francois, 2006). With the advancement in the field of optimisation, dynamic programming has emerged as one of the most powerful methods that business managers use to analyse and solve discrete problems and this technique can give much effective results in comparison to other techniques and methods (Young, 1998). This report analyses the benefits and limitations of dynamic programming method as well as it explains the concept of dynamic programming with the help of an example. Benefits of Dynamic Programming The main benefits of dynamic programming are as follows: One of the major benefits of using dynamic programming is its simplicity and this is one of the reasons why the method has been used extensively. ...
Limitations of Dynamic Programming One of the major limitations of dynamic programming is that it is used only for linear orders and the characters cannot be rearranged (Mao, & Sarndal, 1966). In addition to this, the other major limitation of

Related Essays

Risk Allocation In FIDIC
Now the FIDIC is used over a great extent as a standard for the contacts that are of international standard. The forms of FIDIC reflect the usual standard for different types of international contracts all over the world.2 Nowadays it is well-known because of its variety of contract’s standard terms for the plant, construction, as well as for the designing industries.
8 pages (2000 words) Assignment
Marshall goes to great lengths to ensure that the best wire is purchased. After receiving the recommendation from the engineering department that he should purchase Advanced Wire’s ceramic-coated wire, Mr. Marshall went ahead to ascertain whether this was the best wire available in the market at the best price possible.
4 pages (1000 words) Assignment
Programming Project in Java
2. Counter Locations - Counter Location can again be shared by customers. Since there are three counters and only one customer can gain access to a counter location. Two different semaphores are needed to control concurrency. 3. Cash Register - Like Counter location, cash register is also shared by customers.
8 pages (2000 words) Assignment
Game Programming
Similarly, pick a node front of queue; if unvisited, we visit the node and again place its neighbors in the queue. Contrary to BFS, DFS involves following the path in the graph as deep as possible. If there are no unvisited, adjacent nodes, then we backtrack to the previous level and start traversal again.
10 pages (2500 words) Assignment
Systems Programming
Print out the document when completed and hand it in by the end of TUESDAY of week 11. Marks will be deducted for poor presentation. Extensions will only be given in exceptional circumstances (such as those that would constitute Anglia mitigation) and will not be given for bad time management on your part.
4 pages (1000 words) Assignment
Linear Programming
The model has been solved using excel solver and the optimal solution is obtained. Further, a sensitivity analysis has been used to consider the impact of capacity increase on profitability. The
5 pages (1250 words) Assignment
Programming III ( Advanced )
Basically, the serialization mechanism involves creation of bytes sequence that contains the objects data together with information about the type of data being stored in the object and the objects’ data. The process of
3 pages (750 words) Assignment
Asset allocation
The BofA Merrill Lynch US High Yield Master II Total Return Index Value© produces the best return so far in the market. The
2 pages (500 words) Assignment
Cost Allocation
One of the major importances of this structure is that it allows the health providers to control provision of health care. In the case a provider is reimbursed primarily by fee-for-service, the best cost structure is variable cost structure.
1 pages (250 words) Assignment
Programming with Alice
It uses flow charts and pseudocode to model the logical steps. The program starts with a broad specification and is continually refined to meet the requirements in a process known as stepwise
3 pages (750 words) Assignment
using dynamic programming is that in dynamic programming, it is important to write code that are able to evaluate the sub-problems in the most effective manner. In order to calculate and solve a problem using dynamic programming, formulating a good solution method is one of the challenges faced. In dynamic programming, the user has to make sub-problems and then analyse how the sub-problems would be calculated and then decide the order of these sub-problems. The other drawback of dynamic programming is that with the usage of ‘The Principle of Optimality and Polynomial Break up’ there are only few distinct sub-problems in a good dynamic programming (Bhowmik, 2010). EXAMPLE: The technique of dynamic programming is beneficial for the finance organisations in order to manage their portfolios in more effective and efficient manner. This can be explained more thoroughly with the help of an example. For instance, the finance company has to make a portfolio in such a way that the output or revenue is maximised. The company has two different options, either to invest in a particular types of bonds, stocks, or in t-bills. The total fund available for investment is 10 million. The following table summarise the return of all options along with the cost associated with them. Apart from this, the table also presents the limit for investing in any particular type of securities in order to minimise the risk associated with it. Security Cost per security (M) Return per


Contents Executive Summary 2 Introduction 3 Benefits of Dynamic Programming 3 Limitations of Dynamic Programming 4 EXAMPLE: 4 Conclusion 5 Appendix 7 Reference List 9 Executive Summary Dynamic programming has evolved as one of the most widely and effective techniques in the field of optimisation…
Author : zaria91
Dynamic Programming: Resource Allocation essay example
Read Text Preview
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation