DiscreteDP Example: Mine Management

Masashi Takahashi, Iori Saito

Department of Economics, University of Tokyo

From Miranda and Fackler, Applied Computational Economics and Finance, 2002, Section 7.6.3

Julia translation of the Python version

The model is formulated with finite horizon in Section 7.2.1, but solved with infinite horizon in Section 7.6.1. Here we follow the latter.

In [1]:
using QuantEcon
using Plots