Approximations and bounds for a generalized optimal stopping problem

DOI10.1007/BF01917107MaRDI QIDQ3953584zbMATH OpenOpenAlexFDO

Authors Wolfgang J. Runggaldier, F. Spizzichino

Publication date 1982

Published in Zeitschrift für Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf01917107

zbMATH Keywords

approximate solutionscomputational aspectsfinite-horizon nonstationary Markovian decision problemgeneralized optimal stoppinglower boundsoptimal exploratory oil drillingstochastic dynamic programmingstochastic monotonicitysuboptimal policyupper bounds

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Operations research and management science (90B99) Dynamic programming (90C39) Markov and semi-Markov decision processes (90C40) Optimal stochastic control (93E20)

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