Find the optimal cutting pattern for log

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Reference no: EM133345696

Case: You wish to cut a 20 foot log to obtain the maximum possible value. You can cut it into any combination of 2, 4, 6, 8 or 10 foot segments. These segments are worth 1, 3, 8, 11 and 13 dollars respectively. Find the optimal cutting pattern for this log using Markov Decision Processes (MDP) and backward induction

Reference no: EM133345696

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