Article ID: | iaor19971280 |
Country: | United States |
Volume: | 5 |
Issue: | 1 |
Start Page Number: | 45 |
End Page Number: | 53 |
Publication Date: | Jan 1995 |
Journal: | Chaos, Solitons and Fractals |
Authors: | Feichtinger G., Dawid H. |
Keywords: | programming: dynamic |
In this paper the authors analyse a one state dynamic programming model, which has been frequently used in marketing. Using a variation of the Boldrin-Montrucchio technique for the inverse problem they are able to construct a separable return function, which guarantees that the optimal policy shows topological chaos.