Partially Observed Markov Decision Processes with Binomial Observations

We consider partially observed Markov decision processes with control limits. We analytically show how the finite-horizon control limits are non-monotonic in (a) the time remaining and (b) the probability of obtaining a conforming unit. We also prove that the infinite-horizon control limit can be calculated by solving a finite set of linear equations

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Year of publication:	2014
Authors:	Ben-Zvi, Tal
Other Persons:	Grosfeld-Nir, Abraham (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Markov-Kette \| Markov chain \| Entscheidung \| Decision

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Operations Research Letters 41 (2013) 201–206 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 14, 2014 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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