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The application of dynamic programming in United Kingdom companies

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  • Ellis, Christopher
  • Lethbridge, David
  • Ulph, Alistair

Abstract

Dynamic Programming (or DP as it is commonly known) is a mathematical programming method which would appear to be a very powerful technique for use in management decision problems. A great number of theoretical texts have been written on the mathematics of DP and a few articles have been published on the more practical aspects, but DP has remained very much on the theoretical shelf as far as practising management has been concerned. This paper gives the results of a survey carried out at the beginning of 1972 and is intended to provide some insight into the use of DP in real management problems in U.K. companies and to show what sort of problems are apparently restricting its use. The findings demonstrate that several firms have used DP in various applications with considerable success. There are also some enlightening comments on the difficulties involved, and on the future potential of DP in industry.

Suggested Citation

  • Ellis, Christopher & Lethbridge, David & Ulph, Alistair, 1974. "The application of dynamic programming in United Kingdom companies," Omega, Elsevier, vol. 2(4), pages 533-541, August.
    • Handle: RePEc:eee:jomega:v:2:y:1974:i:4:p:533-541
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