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Showing 1 to 5 of 5 for “"stationary policy"”.

  1. Dynamic ship assignment problem with uncertain demands

    … as a semi-Markov average cost problem, attaining stationary policies. When profit margins are low, a stationary policy frequently rejects cargoes. Despite rejections, it yields the highest profit per cargo, compared to other methods. Such optimal controls remain valid even when demand fluctuates.

    mit Repository record for Dynamic ship assignment problem with uncertain demands (opens in a new tab)

  2. Rational inattention in control of Markov chains

    … mutual information constraint on the randomized stationary policy. The resulting in nite-dimensional convex program admits a decomposition based on the Bellman error, which is the subject of study in approximate dynamic programming. Later, we apply the general theory to an information-constrained …

    uiuc Repository record for Rational inattention in control of Markov chains (opens in a new tab)

  3. Optimal Pricing for a Service Facility with Congestion Penalties

    … case, we show the existence of an optimal stationary policy in a continuous and unbounded action space that maximizes the long-run average profit per unit time. We provide explicit expressions for this policy under certain conditions. We also analyze the structure of this policy and …

    gatech Repository record for Optimal Pricing for a Service Facility with Congestion Penalties (opens in a new tab)

  4. Uniform positive recurrence and long term behavior of Markov decision processes, with applications in sensor scheduling

    … We show that if the MDP is stable under any stationary policy, then it must be uniformly so under all policies. This abstract result is very useful in the analysis of optimal control problems, and extends the characterization of uniform stability properties for MDPs. Then we derive two useful …

    texas Repository record for Uniform positive recurrence and long term behavior of Markov decision processes, with applications in sensor scheduling (opens in a new tab)

  5. Stochastic sequential assignment problem

    … objective function, seeking an assignment policy to maximize the expected total reward; however, a risk-neutral objective function is not always desirable for the decision-maker since the probability distribution function (pdf) of the total reward might carry a high probability of low …

    uiuc Repository record for Stochastic sequential assignment problem (opens in a new tab)