Quantitative Analysis for Management, 13/e

Discussion Questions and Problems

Discussion Questions

1. M2-1 What is a stage in dynamic programming?

2. M2-2 What is the difference between a state variable and a decision variable?

3. M2-3 Describe the meaning and use of a decision criterion.

4. M2-4 Do all dynamic programming problems require an optimal policy?

5. M2-5 Why is transformation important for dynamic programming problems?

Problems

1. M2-6 Refer to Figure M2.1. What is the shortest route between Rice and Dixieville if the road between Hope and Georgetown is improved and the distance is reduce to 4 miles?

2. M2-7 Due to road construction between Georgetown and Dixieville, a detour must be taken through country roads (Figure M2.1). Unfortunately, this detour has increased the distance from Georgetown ...