Academic Catalog

OR520 DYNAMIC DECISION MODELS

Course Code: 8800520
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 8.0
Department: Operational Research
Language of Instruction: English
Level of Study: Graduate
Course Coordinator: Assoc.Prof.Dr. ZEYNEP MGE AVAR
Offered Semester: Fall Semesters.

Course Content

Modeling and solution of decision making problems of dynamic nature. Finite and infinite horizons. Bellman s principle of optimality. Mitten s sufficiency conditions. Stochastic dynamic programming. Markovian decision processes. Policy iteration method of Howard.