Decision tree analysis is based on Bellman's principle,which states that for any choice of strategy in a given state,
A)the optimal strategy is the one that is selected if the entire analysis is assumed to begin in the first period.
B)the optimal strategy is the one that is selected if the entire analysis is assumed to begin in the last period.
C)the optimal strategy in the next period is the one that is selected if the entire analysis is assumed to begin in the last period.
D)the optimal strategy in the next period is the one that is selected if the entire analysis is assumed to begin in the next period.

Question

Quizplus · Accepted Answer

Bellman's principle of optimality states that an optimal strategy has the property that whatever the initial state and decision are, the remaining decisions must constitute an optimal strategy with regard to the state resulting from the first decision.

Decision Tree Analysis Is Based on Bellman's Principle,which States That