Dynamic programming models, Operation Research

Dynamic programming may be considered thoutgrowth of mathematical programming and involves the optimization of multistage( sequence of inter related decisions) decision processes. The method starts by dividing a given problem into stage or sub problems and then solves those sub problems sequentially until the solution to the original problem is obtained.

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These models are used for analyzing a system which changes over a period of time among various possible outcomes or states. The models while dealing with such systems describe tra