Search Results - subject:"discrete-time Markov control processes"

Markov control processes with pathwise constraints

Mendoza-Pérez, Armando; Hernández-Lerma, Onésimo - In: Computational Statistics 71 (2010) 3, pp. 477-502

This paper deals with discrete-time Markov control processes in Borel spaces, with unbounded rewards. The criterion to …

Persistent link: https://www.econbiz.de/10010847903

Markov control processes with pathwise constraints

Mendoza-Pérez, Armando; Hernández-Lerma, Onésimo - In: Mathematical Methods of Operations Research 71 (2010) 3, pp. 477-502

This paper deals with discrete-time Markov control processes in Borel spaces, with unbounded rewards. The criterion to …

Persistent link: https://www.econbiz.de/10010999910

Application of average dynamic programming to inventory systems

Vega-Amaya, Oscar; Montes-de-Oca, Raúl - In: Computational Statistics 47 (1998) 3, pp. 451-471

We show the existence ofaverage cost (AC-) optimal policy for an inventory system withuncountable state space; in fact, the AC-optimal cost and an AC-optimal stationary policy areexplicitly computed. In order to do this, we use a variant of thevanishing discount factor approach, which have been...

Persistent link: https://www.econbiz.de/10010847854

Application of average dynamic programming to inventory systems

Vega-Amaya, Oscar; Montes-de-Oca, Raúl - In: Mathematical Methods of Operations Research 47 (1998) 3, pp. 451-471

Persistent link: https://www.econbiz.de/10010999864