A note on the vanishing interest rate approach in average Markov decision chains with continuous and bounded costs
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Publication:673449
DOI10.1016/0167-6911(94)00042-TzbMath0877.93137OpenAlexW2070879018MaRDI QIDQ673449
Publication date: 28 February 1997
Published in: Systems \& Control Letters (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0167-6911(94)00042-t
Markov decision chainsAverage optimal stationary policiesNecessary and sufficient conditions for application of the VIR methodVanishing discount effect methodVanishing interest rate approach
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Approximation of average cost optimal policies for general Markov decision processes with unbounded costs, Another set of conditions for average optimality in Markov control processes, Application of average dynamic programming to inventory systems
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