@inproceedings{hen-hai-gar-12-aa-globopt, author = {Eligius M. T. Hendrix and Rene Haijema and Inmaculada Garc{\'\i}a}, title = {On Obtaining Global Solutions of Practical Problems via Stochastic Dynamic Programming}, booktitle = {Proc. 11th Global Optimization Workshop (GOW 2012)}, pages = {77-80}, year = 2012, month = jun, url = {http://www.hpca.ual.es/~leo/gow/2012-XI-GOW.pdf%23page=85}, location = {Natal, Brazil}, Comment = {Global optimization}, abstract = {Dynamic programming (DP) is a conceptual way to look at optimization problems that can be written in a step-wise separable form. Several textbooks exist that introduce us to theory and show it can solve nonlinear programming problems obtaining global optimal solutions. On the application side, no standard way nor software exists to convert optimization problems to DP problems. This makes application for practical engineering and economic problems a challenge. We use several cases to illustrate the process of modelling, implementing and solving practical problems.} }