OpenAlex | A New Optimality Criterion for Nonhomogeneous Markov Decision Processes

A New Optimality Criterion for Nonhomogeneous Markov Decision Processes

Work

Year: 1987

Type: article

Abstract: We propose a new definition of optimality for nonhomogeneous Markov decision processes called periodic forecast horizon (PFH) optimality. Using measures of discounting and ergodicity, we establish con... more

Source: Operations Research

Authors Wallace J. Hopp, James C. Bean, Robert L. Smith

Institutions Northwestern University, University of Michigan–Ann Arbor

Cites: 23

Cited by: 72

Related to: 10

FWCI: 8.932

Citation percentile (by year/subfield): 98.47

Topic: Scheduling and Optimization Algorithms

Subfield: Industrial and Manufacturing Engineering

Field: Engineering

Domain: Physical Sciences

Sustainable Development Goal Peace, justice, and strong institutions

Open Access status: green