Approximate Dynamic Programming
- Optimise for “here and now”, and let the future take care of itself – the myopic policy.
- Apply some simple rule of thumb – a very common policy
Long Distance Trucking
So how does it work?
What data do I need?
- The same type of cost and rule data you need to run your operations anyway.
- Enough historic information on demand/supply so that a reasonable simulation model can be built.
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