Optimal hysteresis for a class of deterministic deteriorating two-armed bandit problem with switching costs. (Q1421425)
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| Language | Label | Description | Also known as |
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| English | Optimal hysteresis for a class of deterministic deteriorating two-armed bandit problem with switching costs. |
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Optimal hysteresis for a class of deterministic deteriorating two-armed bandit problem with switching costs. (English)
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26 January 2004
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The authors derive the optimal policy for the dynamic scheduling of a class of special two-armed bandit-problems with switching costs. The scheduling policy exhibits an hysteretic character. Using this solvable class of models, the authors observe the performance of a sub-optimal policy derived from a set of generalized priority indices.
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Multi-armed bandit process
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Switching costs
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Optimal switching curves
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Hysteretic policy
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Priority index policy
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dynamic scheduling
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