Course Catalog and Schedule



Foundations of Managerial Economics II: Dynamic Decision Models (MECS-460-2)
1.00 Credit
TCE BidStats

Description:
This course provides a rigorous introduction to dynamic optimization techniques used in discrete and continuous time stochastic optimization problems. Topics covered in the course include discrete time discounted dynamic programming, stochastic zero sum games, envelope theorems, multi-armed bandit problems, negative dynamic programming, optimal stopping, positive dynamic programming, optimal gambling strategies, bold and timid play, as well as, continuous time calculus of variations and optimal control.

Prerequisites:
None

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Academic Year Term   Course ID Title Sec ID   Credits Syl Instructor Times Campus Location Mand 1st Exam
2013-2014 Winter 2014 MECS-460-2 Foundations of Managerial Economics II: Dynamic Decision Models 21 1 Hu, Tai-Wei Mon 02:00 PM - 05:00 PM Evanston Jacobs (586) N