The PhD program in Business Administration at DeGroote offers students the opportunity to study and conduct leading-edge research with some of the top researchers in their fields. Students develop the theoretical and methodological expertise required to create original research that makes a significant impact on the business community.

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Course Description

Dynamic Programming and Optimal Control

Many realistic business problems in operations, finance and marketing and problems in economics involve control of dynamic systems which evolve over time. This course will provide a rigorous foundation for dynamic optimization of such systems by covering dynamic programming and optimal control. The basic discrete-time dynamic programming algorithm will be illustrated with applications in inventory control, dynamic portfolio analysis and linear quadratic systems. Optimal control of continuous-time systems will be covered using maximum principle with applications in operations, finance, marketing and economics.

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