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Optimal Control of Pollution Accumulation with Long-Run Average Welfare

✍ Scribed by Kazuhito Kawaguchi


Book ID
111579988
Publisher
Springer
Year
2003
Tongue
English
Weight
92 KB
Volume
26
Category
Article
ISSN
0924-6460

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A simple adaptive control strategy for discrete-time Markov processes with compact state, action and parameter spaces that guarantees near self-optimality is proposed. The approach used is based on randomization and the study of invariant measure of the joint state and Bayesian parameter estimator p