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Principle of Optimality

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Encyclopedia of Operations Research and Management Science
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Condition that Richard Bellman derived for dynamic programming: “An optimal policy has the property that whatever the initial state and initial decision are, the remaining decisions must constitute an optimal policy with regard to the state resulting from the first decision.” (Bellman 1957, Chap. III.3)

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Bellman Optimality Equation

Dynamic Programming

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References

  • Bellman, R. E. (1957). Dynamic programming. Princeton, NJ: Princeton University Press.

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© 2013 Springer Science+Business Media New York

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(2013). Principle of Optimality. In: Gass, S.I., Fu, M.C. (eds) Encyclopedia of Operations Research and Management Science. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-1153-7_200636

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  • DOI: https://doi.org/10.1007/978-1-4419-1153-7_200636

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