Markov decision chains in discrete- and continuous-time; a unified approach

0348153 - ÚTIA 2011 RIV SK eng C - Konferenční příspěvek (zahraniční konf.)
Sladký, Karel
Markov decision chains in discrete- and continuous-time; a unified approach.
Quantitative Methods in Economics (Multiple Criteria Decision Making XV). Bratislava, SR: University of Economics, Bratislava, 2010 - (Reiff, M.), s. 207-219. Iura Edition, člen skupiny Walters Kluwer. ISBN 978-80-8078-364-8.
[Quantitative Methods in Economics, Multiple Criteria Decision Making XV. Smolenice (SK), 06.10.2010-08.10.2010]
Grant CEP: GA ČR(CZ) GA402/08/0107; GA ČR GAP402/10/0956; GA ČR GAP402/10/1610
Výzkumný záměr: CEZ:AV0Z10750506
Klíčová slova: discrete-time and continuous-time Markov decision chains * discounted and averaging optimality * connections between discounted and averaging models * uniformization
Kód oboru RIV: AH - Ekonomie
http://library.utia.cas.cz/separaty/2010/E/sladky-markov decision chains in discrete- and continuous-time; a unified approach.pdf

In this note we consider Markov decision chains with finite state space in discrete- and continuous-time setting for discounting and averaging optimality criteria. Connections between discounted and averaging optimality along with uniformization methods are employed for producing bounds on optimal discounted and average rewards.
Trvalý link: http://hdl.handle.net/11104/0188756