Optimal policy for minimizing risk models in Markov decision processes (Q1849140)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Optimal policy for minimizing risk models in Markov decision processes |
scientific article |
Statements
Optimal policy for minimizing risk models in Markov decision processes (English)
0 references
28 November 2002
0 references
The referred paper deals with the discounted Markov decision processes with countable state space and non-negative bounded general rewards. The attention is focused on the minimizing risk problem, the optimal policy and the optimal values for finite and infinite horizon case. The main results show two sufficient conditions for the existence of an optimal policy in an infinite horizon case. One of them improves an incorrectness existing in the accessible literature. The existence of an optimal policy and the uniqueness of the solution of an optimality equation are shown under the conditions mentioned above.
0 references
Markov decision processes
0 references
decision making
0 references
minimizing risk model
0 references
maximal fixed point
0 references
optimal policy
0 references