An elimination condition to check the validity of the principle of optimality

An elimination condition to check the validity of the principle of optimality

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Article ID: iaor19962243
Country: United Kingdom
Volume: 23
Issue: 2
Start Page Number: 183
End Page Number: 192
Publication Date: Feb 1996
Journal: Computers and Operations Research
Authors:
Abstract:

In this paper, a simple elimination condition is introduced that may help in the verification or falsification of the principle of optimality and in deriving rigorously dynamic programming algorithms. Through two examples of single objective optimization, it is shown how the elimination condition can be used to rigorously derive dynamic programming schemes. The multiobjective optimization case, where the elimination approach was developed earlier, it is then briefly reviewed. Throughout two examples of game theory, it is demonstrated how the elmination condition is a necessary condition for the principle of optimality to hold. In these game examples, the elimination condition and the principle of optimality do not hold.

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