Question: Use the Excel Solver and the Data Table to solve the following discrete dynamic problem. max fug X2 t 0 y2 t u2
Use the Excel Solver and the Data Table to solve the following discrete dynamic problem. max fug X2 t ¼ 0 y2 ðtÞ þ u2 ðtÞ þ y2 ð3Þ s:t: yðt þ 1Þ ¼ yðtÞ þ uðtÞ and y(0) ¼ 1. When you use the Data Table, assume u(t) can only take the discrete values 1.0, 0.6, 0.20, 0.4, 1.0.
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