Conditions for the existence of decision horizons for discounted problems in a stochastic environment: A note (Q1059561)
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scientific article; zbMATH DE number 3904367
| Language | Label | Description | Also known as |
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| English | Conditions for the existence of decision horizons for discounted problems in a stochastic environment: A note |
scientific article; zbMATH DE number 3904367 |
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Conditions for the existence of decision horizons for discounted problems in a stochastic environment: A note (English)
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1985
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We extend the sufficiency conditions obtained by \textit{J. C. Bean} and \textit{R. L. Smith} [Math. Oper. Res. 9, 391-401 (1984; Zbl 0558.90026)] for the existence of decision and forecast horizons in discounted deterministic problems to a stochastic environment. Also developed are some examples for illustration of the results and the need for the development of necessary and sufficient conditions for undiscounted problems.
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discounting
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stochastic optimization
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existence
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forecast horizons
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discounted deterministic problems
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stochastic environment
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0.86879444
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0.8657266
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0.84937036
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0.8458365
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0.84400576
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0.8425981
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