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- W2058604361 abstract "The paper deals with continuous time Markov decision processes on a fairly general state space. The economic criterion is the long-run average return. A set of conditions is shown to be sufficient for a constant g to be optimal average return and a stationary policy π∗ to be optimal. This condition is shown to be satisfied under appropriate assumptions on the optimal discounted return function. A policy improvement algorithm is proposed and its convergence to an optimal policy is proved." @default.
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- W2058604361 date "1976-01-01" @default.
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- W2058604361 title "Continuous time control of Markov processes on an arbitrary state space: Average return criterion" @default.
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- W2058604361 doi "https://doi.org/10.1016/0304-4149(76)90026-0" @default.
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