Markov decision processes and determining the exchange rate

The paper describes the theoretical foundations of Markov decision processes (MDP), presents the exchange market located in Torun's Old Town, with particular emphasis on tested exchange, and describes a simple model for an exchange, which was examined using the MDP. As a result, found the optimal policy for determining the exchange rate for two currencies - the euro and the dollar.

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Year of publication:	2011
Authors:	Mentzen, Slawomir
Published in:	Acta Universitatis Nicolai Copernici, Ekonomia. - Uniwersytet Mikolaja Kopernika. - Vol. 42.2011, p. 23-36
Publisher:	Uniwersytet Mikolaja Kopernika
Subject:	Markov decision processes \| exchange \| optimal decisions

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010610822