Infinite-horizon dynamic programming and application to management of economies effected by random natural hazardsстатья
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Дата последнего поиска статьи во внешних источниках: 18 июля 2013 г.
Аннотация:We describe a version of the dynamic programming method, applicable to infinite-horizon discrete-time stochastic processes, and use this technique to solve a stylized problem of management of an economy effected by random natural hazards. Also, we characterize the equilibrium points in a game, in which two economies invest in common prevention measures to mitigate the future impact of natural hazards.