Value function interation help

Hi,
I have a task to solve a utility optimization problem with dynamic programming using value function interation.
The task is quite similar to the classic cake eating problem, which there exist codes on, but I cant seem to work it out. Here are the information:
Utility function:
subject to:
You can choose the variables freely if you want, but in the problem Beta = 0.96, n=2 and alpha = 1/3
All help would be appriciated.

Answers (0)

Categories

Find more on Modeling in Help Center and File Exchange

Asked:

on 11 Nov 2020

Community Treasure Hunt

Find the treasures in MATLAB Central and discover how the community can help you!

Start Hunting!