Controlled semi-Markov models under long-run average rewards
From MaRDI portal
Publication:1824853
DOI10.1016/0378-3758(89)90113-4zbMath0683.49003MaRDI QIDQ1824853
Rabi N. Bhattacharya, Mukul K. Majumdar
Publication date: 1989
Published in: Journal of Statistical Planning and Inference (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0378-3758(89)90113-4
93E20: Optimal stochastic control
60K20: Applications of Markov renewal processes (reliability, queueing networks, etc.)
49J55: Existence of optimal solutions to problems involving randomness
Related Items
Performance analysis for controlled semi-Markov systems with application to maintenance, Recursive utility and the Ramsey problem, Decentralized evolutionary mechanisms for intertemporal economies: A possibility result, On the optimality equation for average cost Markov control processes with Feller transition probabilities, Controlled semi-Markov models - the discounted case, What do discounted optima converge to!: A theory of discount rate asymptotics in economic models, Duality between discounted and undiscounted models of optimal growth for a class of utility functions, Semi-Markov control processes with unknown holding times distribution under an average cost criterion, Average cost optimal policies for Markov control processes with Borel state space and unbounded costs, Condition-based maintenance policies under imperfect maintenance at scheduled and unscheduled opportunities, A note on the economic management of inventory or resource under stochastic prices, Recurrence conditions for Markov decision processes with Borel state space: A survey, Optimality of Quasi-Open-Loop Policies for Discounted Semi-Markov Decision Processes, Time and Ratio Expected Average Cost Optimality for Semi-Markov Control Processes on Borel Spaces
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Dynamic programming and stochastic control
- Controlled semi-Markov models - the discounted case
- Denumerable state semi-Markov decision processes with unbounded costs, average cost criterion
- Invariant problems in dynamic programming - average reward criterion
- A stochastic model for the economic management of a renewable animal resource
- Averaging vs. discounting in dynamic programming: a counterexample
- Denumerable Undiscounted Semi-Markov Decision Processes with Unbounded Rewards
- On Dynamic Programming with Unbounded Rewards
- Discrete Dynamic Programming
- Average cost semi-markov decision processes
- A Useful Convergence Theorem for Probability Distributions