Conditions for the existence of decision horizons for discounted problems in a stochastic environment: A note
type: Item
instance of: scholarly article
title: Conditions for the existence of decision horizons for discounted problems in a stochastic environment: A note
zbMATH Open document ID: 0566.90099
DOI: 10.1016/0167-6377(85)90033-1
author: Suresh P. Sethi
author: Sita Bhaskaran
published in: Operations Research Letters
publication date: 1985-01-01T00:00:00Z
review text: 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.
Mathematics Subject Classification ID: 90C40
zbMATH DE Number: 3904367
zbMATH Keywords: discounting
zbMATH Keywords: stochastic optimization
zbMATH Keywords: existence
zbMATH Keywords: forecast horizons
zbMATH Keywords: discounted deterministic problems
zbMATH Keywords: stochastic environment
MaRDI profile type: Publication
full work available at URL: 0167-6377(85)90033-1
OpenAlex ID: W3125482525
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description: scientific article; zbMATH DE number 3904367