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Applications of dynamic programming
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Applications of dynamic programming

  • To help select a marketing campaign (or advertising media) which will generate the most profit
  • To schedule production and smoothen employment when there is fluctuation in demand.
  • To determine optimum levels of inventory, and reordering and replenishing policies
  • To help allocate resources in an optimal manner, especially scarce resources, such as in case of capital budgeting problems, or travelling salesmen
  • To help determine best time for replacement of equipment.
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