Dynamic programming
Dynamic programming is both a mathematical optimization method and a computer programming method. The method was developed by Richard Bellman in the 1950s and has found applications in numerous fields, from aerospace engineering to economics.
In both contexts it refers to simplifying a complicated problem by breaking it down into simpler sub-problems in a recursive manner. While some decision problems cannot be taken apart this way, decisions that span several points in time do often break apart recursively. Likewise, in computer science, if a problem can be solved optimally by breaking it into sub-problems and then recursively finding the optimal solutions to the sub-problems, then it is said to have optimal substructure.
— Wikipedia
Dynamic programming is a method of solving problems, which is used in computer science, mathematics and economics. Using this method, a complex problem is split into simpler problems, which are then solved. At the end, the solutions of the simpler problems are used to find the solution of the original complex problem.
Dynamic programming can be used in cases where it is possible to split a problem into smaller problems, which are all quite similar.
— Wikipedia in Simple English