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Dynamic Optimization Course Notes by Liza is a document available to read on EtoBox.

This document provides an introduction to dynamic optimization problems in discrete and continuous time. It discusses dynamic optimization problems involving maximizing profits from pricing decisions over multiple time periods. The document describes a dynamic optimization model for determining an optimal price profile over N time intervals to maximize total profit. State variables track the market share over time, which depends on prices through attraction and escape probability functions that transition c

Author

Liza

Language

EN