Markov-achievable payoffs for finite-horizon decision models. (Q1965904)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Markov-achievable payoffs for finite-horizon decision models. |
scientific article |
Statements
Markov-achievable payoffs for finite-horizon decision models. (English)
0 references
1 March 2000
0 references
The paper investigates a problem of the decision making theory. The considered question is if the mean of the given payoff function evaluated under a permissible control can be achieved or even overcame using a permissible Markov control. Assuming payoff function based on recent state and on the \(n\)-th earlier decisions and states, the authors derived properties which are sufficient and necessary for the examined task.
0 references
Markov decision model
0 references
payoff function
0 references
Markov plan
0 references