Optimal control of Markov processes with age-dependent transition rates

DOI10.1007/s00245-012-9171-3zbMath1269.93132arXiv1409.4028OpenAlexW2006214844MaRDI QIDQ2391935

Subhamay Saha, Mrinal K. Ghosh

Publication date: 5 August 2013

Published in: Applied Mathematics and Optimization (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1409.4028

zbMATH Keywords

value functionsemi-Markov decision processcontrol policyage-dependent transition ratesinfinite horizon discounted costaverage cost casesinfinite horizon average cost

Mathematics Subject Classification ID

Optimal stochastic control (93E20)

Related Items

Infinite horizon optimal control of mean-field delay system with semi-Markov modulated jump-diffusion processes

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