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• W1994006836 abstract "We consider a semi-Markov decision process with arbitrary action space; the state space is the nonnegative integers. As in queueing systems, we assume that {0, 1, 2, …, n + N} is the set of states accessible from state n in one transition, where N is finite and independent of n. The novel feature of this model is that the one-period reward is not required to be uniformly bounded; instead, we merely assume it to be bounded by a polynomial in n. Our main concern is with the average cost problem. A set of conditions sufficient for there to be an optimal stationary policy which can be obtained from the usual functional equation is developed. These conditions are quite weak and, as illustrated in several queueing examples, are easily verified." @default.
• W1994006836 created "2016-06-24" @default.
• W1994006836 creator A5058523783 @default.
• W1994006836 date "1973-03-01" @default.
• W1994006836 modified "2023-09-24" @default.
• W1994006836 title "Semi-Markov Decision Processes with Unbounded Rewards" @default.
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• W1994006836 doi "https://doi.org/10.1287/mnsc.19.7.717" @default.
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