Optimal and near-optimal incentive strategies in the hierarchical control of Markov chains

DOI10.1016/0005-1098(85)90112-8zbMath0564.90105MaRDI QIDQ1058473

Vikram R. Saksena, Cruz, J. B. jun.

Publication date: 1985

Published in: Automatica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0005-1098(85)90112-8

zbMATH Keywords

robustness; perturbation techniques; decentralized control; large scale systems; stochastic systems; hierarchical decision making; near-optimal strategies; finite state Markov chains; average-cost-per-stage criteria; Markovian Stackelberg problems; N followers; Nash reactions; one leader; optimal affine incentive strategy; reduced-order aggregate model

Mathematics Subject Classification ID

90B50: Management decision making, including multiple objectives

90B35: Deterministic scheduling theory in operations research

93A13: Hierarchical systems

93A15: Large-scale systems

91A35: Decision theory for games

Related Items

Incentive Stackelberg Games for Stochastic Systems, On stochastic incentive control problems with partial dynamic information

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