An optimal threshold policy in applications of a two-state Markov process

DOI10.1007/978-3-319-00669-7_11zbMATH Open1290.49049OpenAlexW75920221MaRDI QIDQ4979409FDOQ4979409

Authors: Eugene Khmelnitsky 

Publication date: 20 June 2014

Published in: International Series in Operations Research & Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/978-3-319-00669-7_11

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zbMATH Keywords

necessary optimality conditionsstate-costate dynamicstwo-state Markov processoptimal threshold policyregular and singular control regimes

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Optimality conditions for problems involving randomness (49K45) Applications of optimal control and differential games (49N90)

Cites Work

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• A Survey of the Maximum Principles for Optimal Control Problems with State Constraints
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• On temporally completely monotone functions for Markov processes
• Optimal production control of a failure-prone machine
• Balancing facilities in aggregate production planning: Make-to-order and make-to-stock environments
• Optimal feedback production planning in a stochastic \(N\)-machine flowshop

Cited In (3)

• Symbolic and Quantitative Approaches to Reasoning with Uncertainty
• Optimal threshold probability in undiscounted Markov decision processes with a target set.
• Title not available (Why is that?)

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