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A dynamic model of functioning of a bank
Malafeyev O., Awasthi A., Zaitseva I., Rezenkov D., Bogdanova S.
Published in American Institute of Physics Inc.
2018
Volume: 1952
   
Abstract
In this paper, we analyze dynamic programming as a novel approach to solve the problem of maximizing the profits of a bank. The mathematical model of the problem and the description of bank's work is described in this paper. The problem is then approached using the method of dynamic programming. Dynamic programming makes sure that the solutions obtained are globally optimal and numerically stable. The optimization process is set up as a discrete multi-stage decision process and solved with the help of dynamic programming. © 2018 Author(s).
About the journal
Published in American Institute of Physics Inc.
Open Access
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