Write a program for policy iteration problem

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Reference no: EM131843705

Problem

Write a program for policy iteration and re-solve Jack's car rental problem with the following changes. One of Jack's employees at the first location rides a bus home each night and lives very near the second location. She is happy to shuttle one car to the second location for free. Each additional car still costs $2, as do all cars in the other direction. In addition, Jack has limited parking space at each location. If more than 10 cars are kept overnight at a location (after any moving of cars), then an additional cost of $4 must be incurred to use a second parking lot (independent of how many cars are kept there). These sort of nonlinearities and arbitrary dynamics often occur in real problems and cannot easily be handled by optimization methods other than dynamic programming. To check your program, first replicate the results given for the original problem. If your computer is too slow for the full problem, cut all the numbers of cars in half.

Reference no: EM131843705

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