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Lecture Notes on Dynamic Programming

Lecture Notes on Dynamic Programming

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the limit and the max operators: 4@ * 4 A <" [A | 'f L ES| ˝9’* 4 ... It involves two types of variables. First, state variables are a complete description of the current position of the system. In this case the capital stock going into the current period, &f is the state variable. Second, control variables are the variables that

  Operator, Variable

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