“Super-overtaking” optimal policies for Markov control processes

✍ Scribed by Evgueni Gordienko

• Publisher: Elsevier Science
• Year: 1997
• Tongue: English
• Weight: 386 KB
• Volume: 31
• Category: Article
• ISSN: 0167-6911
• DOI: 10.1016/s0167-6911(97)00009-1

✦ Synopsis

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-horizon costs can be better than for overtaking optimal policies.