Abstract
The general multiobjective dynamic programming problem is reformulated as a classical dynamic programming problem that then can be solved by regular dynamic programming methods. It is shown that the method of differential dynamic programming is most applicable for solution of this problem, which has a higher dimension state space. A case study, the management of a large natural resource system, is presented and modeled next. Finally, the model is applied to the case of bauxite mining development in Hungary, and numerical results for this case are presented.
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