In this paper discounted and average Markov decision processes with finite state space and countable action set (semi-infinite MDP for short) are discussed. Without ordinary continuity and compactness conditions, for discounted semi-infinite MDP we have shown that by exploiting the results on...

In this paper discounted and average Markov decision processes with finite state space and countable action set (semi-infinite MDP for short) are discussed. Without ordinary continuity and compactness conditions, for discounted semi-infinite MDP we have shown that by exploiting the results on...

This paper analyses a game-theoretic model of Hi-Lo Poker. Bilateral-move N-round games are formulated and explicit solutions are derived. In the asymptotic case the form of optimal decision rule is derived and examples are provided. Copyright Springer-Verlag Berlin Heidelberg 1999

Robinson and Lakhani (1975) initiated a long research stream in marketing when they used the Bass model (1969) to develop optimal pricing path for a new product. A careful analysis of the extant literature reveals that the research predominantly suggests that the optimal price path should be...

This paper analyses a game-theoretic model of Hi-Lo Poker. Bilateral-move N-round games are formulated and explicit solutions are derived. In the asymptotic case the form of optimal decision rule is derived and examples are provided. Copyright Springer-Verlag Berlin Heidelberg 1999