Each year, the owner of a lake must determine how many bass to capture and sell. During
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Each year, the owner of a lake must determine how many bass to capture and sell. During year t, a price pt will be received for each bass that is caught. If the lake contains b bass at the beginning of year t, the cost of capturing x bass is ct (x|b). Between the time that year t’s bass are caught and year t 1 begins, the bass in the lake multiply by a random factor D, where P(D
d) q(d).
Formulate a dynamic programming recursion that can be used to determine a basscatching strategy that will maximize the owner’s net profit over the next ten years. At present, the lake contains 10,000 bass
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Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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