Optimal control in light traffic Markov decision processes

We consider Markov Decision Processes under light traffic conditions. We develop an algorithm to obtain asymptotically optimal policies for both the total discounted and the average cost criterion. This gives a general framework for several light traffic results in the literature. We illustrate the method by deriving the asymptotically optimal control of a simple ATM network. Copyright Physica-Verlag 1997

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Year of publication:	1997
Authors:	Koole, Ger ; Passchier, Olaf
Published in:	Mathematical Methods of Operations Research. - Springer. - Vol. 45.1997, 1, p. 63-79
Publisher:	Springer
Subject:	Optimal control \| Markov decision processes \| light traffic \| discounted cost \| average cost

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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