Optimality in Feller semi-Markov control processes

✍ Scribed by Anna Jaśkiewicz; Andrzej S. Nowak

• Publisher: Elsevier Science
• Year: 2006
• Tongue: English
• Weight: 180 KB
• Volume: 34
• Category: Article
• ISSN: 0167-6377
• DOI: 10.1016/j.orl.2005.11.005

✦ Synopsis

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 same for both criteria.