2008 Winter Simulation Conference 2008
DOI: 10.1109/wsc.2008.4736069
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Approximate dynamic programming: Lessons from the field

Abstract: Approximate dynamic programming is emerging as a powerful tool for certain classes of multistage stochastic, dynamic problems that arise in operations research. It has been applied to a wide range of problems spanning complex financial management problems, dynamic routing and scheduling, machine scheduling, energy management, health resource management, and very large-scale fleet management problems. It offers a modeling framework that is extremely flexible, making it possible to combine the strengths of simul… Show more

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Cited by 11 publications
(7 citation statements)
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References 18 publications
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“…In order to improve the behaviour of the system or to predict the occurrence of influencing random events, several researchers recommended to add some optimization algorithms into the simulation process (Lim et al 2009;Powell 2005). In Wu et al (2003) and Powell (2008), the authors adopted the optimization simulation method and used rough dynamic programming to solve various optimization problems. They applied their method on the problem of the military air planes transport in the United States.…”
Section: Related Workmentioning
confidence: 99%
See 1 more Smart Citation
“…In order to improve the behaviour of the system or to predict the occurrence of influencing random events, several researchers recommended to add some optimization algorithms into the simulation process (Lim et al 2009;Powell 2005). In Wu et al (2003) and Powell (2008), the authors adopted the optimization simulation method and used rough dynamic programming to solve various optimization problems. They applied their method on the problem of the military air planes transport in the United States.…”
Section: Related Workmentioning
confidence: 99%
“…Mixing these two techniques by using simulation-optimization approach can resolve this problem. The idea is to optimize simulation problems over time, by making decisions that takes into account the future situation of the system, Powell (2008) or by exploring the state space through the stochastic behaviour of the system (Wu et al 2003). In order to integrate this decision in the simulation, we have to answer several questions such as: (1) how to introduce the optimization algorithms and for which parameter?…”
Section: Simulation-optimizationmentioning
confidence: 99%
“…Além disso, a PDA inclui vários métodos e variações, uma vez que nenhum dos métodos é considerado geral o suficiente para ser aplicável a todos os problemas. Por isso, a escolha de uma modelagem em PDA é altamente dependente do problema [43].…”
Section: Programação Dinâmica Aproximadaunclassified
“…It offers a modeling framework that is extremely flexible, making it possible to combine the strengths of simulation with the intelligence of optimization (Powell, 2008). ADP does seem to be an attractive methodology for generating a good control policy for a complex production system.…”
Section: Ib Motivationmentioning
confidence: 99%
“…He also mentioned that approximate dynamic programming is typically very suitable for solving complex dynamic programming problems which cannot be handled by the backward recursion method (Powell, 2008) ; finally, Powell mentioned that there are three main perspectives associated with approximate dynamic programming:…”
Section: Iva3 Perspectives Of Adpmentioning
confidence: 99%