Markov-achievable payoffs for finite-horizon decision models. (Q1965904)

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Markov-achievable payoffs for finite-horizon decision models.
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    Markov-achievable payoffs for finite-horizon decision models. (English)
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    1 March 2000
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    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.
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    Markov decision model
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    payoff function
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    Markov plan
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