Formulating and solving sequential decision analysis models with continuous variables

@article{Stonebraker1997FormulatingAS,
  title={Formulating and solving sequential decision analysis models with continuous variables},
  author={J. Stonebraker and C. Kirkwood},
  journal={IEEE Transactions on Engineering Management},
  year={1997},
  volume={44},
  pages={43-53}
}
This paper presents a new decision analysis approach for modeling decision problems with continuous decision and/or random variables, and applies the approach to a research and development (R&D) planning problem. The approach allows for compact, natural formulation for classes of decision problems that are less appropriately addressed with standard discrete-variable decision analysis methods. Thus it provides a useful alternative analysis approach for problems that are often addressed in… Expand
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