For the advertising problem (Exercise 5 of Section 6.1) viewed as an infinite horizon problem with discount
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For the advertising problem (Exercise 5 of Section 6.1) viewed as an infinite horizon problem with discount factor \(\alpha=.9\), use the parameters in Exercise 11
(c) to find the value of the policy that never advertises. Use this value as the initial function in the method of successive approximations and compute \(w_{1}, w_{2}\), and \(w_{3}\).
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Introduction To The Mathematics Of Operations Research With Mathematica
ISBN: 9781574446128
1st Edition
Authors: Kevin J Hastings
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