Stochastic dynamic programming is a recursive method for solving sequential or multistage decision problems. It helps economists and mathematicians construct and solve a huge variety of sequential decision making problems in stochastic cases. Research on stochastic dynamic programming is important and meaningful because stochastic dynamic programming reflects the behavior of the decision maker without risk aversion; i.e., decision making under uncertainty. In the solution process, it is extremely difficult to represent the existing or future state precisely since uncertainty is a state of having limited knowledge. Indeed, compared to the deterministic case, which is decision making under certainty, the stochastic case is more realistic and gives more accurate results because the majority of problems in reality inevitably have many unknown parameters. In addition, time scale calculus theory is applicable to any field in which a dynamic process can be described with discrete or continuous models. Many stochastic dynamic models are discrete or continuous, so the results of time scale calculus are directly applicable to them as well. The aim of this thesis is to introduce a general form of a stochastic dynamic sequence problem on complex discrete time domains and to find the optimal sequence which maximizes the sequence problem.
","abstract_html":"<p>Stochastic dynamic programming is a recursive method for solving sequential or multistage decision problems. It helps economists and mathematicians construct and solve a huge variety of sequential decision making problems in stochastic cases. Research on stochastic dynamic programming is important and meaningful because stochastic dynamic programming reflects the behavior of the decision maker without risk aversion; i.e., decision making under uncertainty. In the solution process, it is extremely difficult to represent the existing or future state precisely since uncertainty is a state of having limited knowledge. Indeed, compared to the deterministic case, which is decision making under certainty, the stochastic case is more realistic and gives more accurate results because the majority of problems in reality inevitably have many unknown parameters. In addition, time scale calculus theory is applicable to any field in which a dynamic process can be described with discrete or continuous models. Many stochastic dynamic models are discrete or continuous, so the results of time scale calculus are directly applicable to them as well. The aim of this thesis is to introduce a general form of a stochastic dynamic sequence problem on complex discrete time domains and to find the optimal sequence which maximizes the sequence problem.</p>","abstract_has_math":false,"creators":["Cheng, Gang"],"institution":null,"degree_name":"Master of Science","degree_level":null,"degree_discipline":"Department of Mathematics","degree_department":null,"school":null,"contributors":["Ferhan Atici (Director), Tom Richmond, Di Wu"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2013,"date_issued":"2013-05-01T07:00:00Z","date_published":"2013-05-01T07:00:00Z","updated_at":"2026-07-24T06:08:16Z","subjects":["Dynamic Programming","Stochastic Programming","Stochastic Control Theory","Stochastic Differential Equations","Stochastic Analysis","Martingales (Mathematics)","Analysis","Applied Mathematics","Mathematics","Statistics and Probability"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://digitalcommons.wku.edu/theses/1236","outbound_label":"Repository record","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Ferhan Atici (Director), Tom Richmond, Di Wu"]},{"key":"dc:creator","label":"Author","values":["Cheng, Gang"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:type","label":"Dc Type","values":["Thesis"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Department of Mathematics"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Master of Science"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Dynamic Programming","Stochastic Programming","Stochastic Control Theory","Stochastic Differential Equations","Stochastic Analysis","Martingales (Mathematics)","Analysis","Applied Mathematics","Mathematics","Statistics and Probability"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://digitalcommons.wku.edu/theses/1236"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Stochastic dynamic programming is a recursive method for solving sequential or multistage decision problems. It helps economists and mathematicians construct and solve a huge variety of sequential decision making problems in stochastic cases. Research on stochastic dynamic programming is important and meaningful because stochastic dynamic programming reflects the behavior of the decision maker without risk aversion; i.e., decision making under uncertainty. In the solution process, it is extremely difficult to represent the existing or future state precisely since uncertainty is a state of having limited knowledge. Indeed, compared to the deterministic case, which is decision making under certainty, the stochastic case is more realistic and gives more accurate results because the majority of problems in reality inevitably have many unknown parameters. In addition, time scale calculus theory is applicable to any field in which a dynamic process can be described with discrete or continuous models. Many stochastic dynamic models are discrete or continuous, so the results of time scale calculus are directly applicable to them as well. The aim of this thesis is to introduce a general form of a stochastic dynamic sequence problem on complex discrete time domains and to find the optimal sequence which maximizes the sequence problem.
"]},{"key":"dc:title","label":"Title","values":["Analyzing and Solving Non-Linear Stochastic Dynamic Models on Non-Periodic Discrete Time Domains"]}]}],"canonical_facts":{"dc:contributor":["Ferhan Atici (Director), Tom Richmond, Di Wu"],"dc:creator":["Cheng, Gang"],"dc:description.abstract":["Stochastic dynamic programming is a recursive method for solving sequential or multistage decision problems. It helps economists and mathematicians construct and solve a huge variety of sequential decision making problems in stochastic cases. Research on stochastic dynamic programming is important and meaningful because stochastic dynamic programming reflects the behavior of the decision maker without risk aversion; i.e., decision making under uncertainty. In the solution process, it is extremely difficult to represent the existing or future state precisely since uncertainty is a state of having limited knowledge. Indeed, compared to the deterministic case, which is decision making under certainty, the stochastic case is more realistic and gives more accurate results because the majority of problems in reality inevitably have many unknown parameters. In addition, time scale calculus theory is applicable to any field in which a dynamic process can be described with discrete or continuous models. Many stochastic dynamic models are discrete or continuous, so the results of time scale calculus are directly applicable to them as well. The aim of this thesis is to introduce a general form of a stochastic dynamic sequence problem on complex discrete time domains and to find the optimal sequence which maximizes the sequence problem.
"],"dc:identifier":["https://digitalcommons.wku.edu/theses/1236"],"dc:subject":["Dynamic Programming","Stochastic Programming","Stochastic Control Theory","Stochastic Differential Equations","Stochastic Analysis","Martingales (Mathematics)","Analysis","Applied Mathematics","Mathematics","Statistics and Probability"],"dc:title":["Analyzing and Solving Non-Linear Stochastic Dynamic Models on Non-Periodic Discrete Time Domains"],"dc:type":["Thesis"],"thesis:degree_discipline":["Department of Mathematics"],"thesis:degree_name":["Master of Science"]},"updated_at":"2026-07-24T06:08:16Z"}