Optimal Markov strategies for controlled ito processes
โ Scribed by R. Mikulevicius; H. Pragarauskas
- Publisher
- Springer
- Year
- 1990
- Tongue
- English
- Weight
- 695 KB
- Volume
- 29
- Category
- Article
- ISSN
- 0363-1672
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
In this paper we study the average cost optimization problem for discrete-time Markov control processes on Borel space with possibly un bounded costs. Under proper ergodicity assumptions we show the existence of stationary policies for which asymptotic (as N ~ oo) behavior of some functions of N-hor
Semi-Markov control processes with Borel state space and Feller transition probabilities are considered. The objective of the paper is to prove coincidence of two expected average costs: the time-average and the ratio-average for stationary policies. Moreover, the optimal stationary policy is the sa