Cover: Existence of Stationary Optimal Policies for Some Markov Renewal Programs.

Existence of Stationary Optimal Policies for Some Markov Renewal Programs.

Published 1967

by Bennett L. Fox

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To show that a pure, stationary optimal policy that minimizes expected cost per unit time exists for all Markov renewal programs with a finite state space and finite action space. (The results do not extend to the case where the action space is countably infinite, without further restrictions.) No attempt is made to find the weakest possible conditions. 9 pp. Ref.

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