What are the advantages and disadvantages of dynamic programming in operations research?

ADVANTAGES

1.for the various problems in areas such as inventory chemical engineering design and control theory dynamic programming is the only technique used to solve the problem

2. it is well suited for multi-stage or multi-point or sequential decision process

3. it is suitable for linear or nonlinear problems discrete or continuous variables and deterministic problems

DISADVANTAGE

1. no general formation of dynamic program is available; every problem has to be solving in its own way

2. dividing problem in sub problem and storing intermediate results consumes memory.

Explanation:

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answer:

1: productivity. productivity is an important reason for developing it systems.

2: information. it systems are key to delivering the information and intelligence you need to improve innovation.

3: cost reduction.

4: collaboration.

5: customer service.