Summary: | With the growing levels of sophistication in modern-day operations, it is vital for practitioners to understand how to approach, model, and solve complex industrial problems. Approximate Dynamic Programming is a result of the author's decades of experience working in large industrial settings to develop practical and high-quality solutions to problems that involve making decisions in the presence of uncertainty. This groundbreaking book uniquely integrates four distinct disciplines-Markov design processes, mathematical programming, simulation, and statistics-to demonstrate how to successfully model and solve a wide range of real-life problems using the techniques of approximate dynamic programming (ADP).
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