Existence of Stationary Optimal Policies for Some Markov Renewal Programs.

Bennett L. Fox

ResearchPublished 1967

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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  • Copyright: RAND Corporation
  • Availability: Available
  • Year: 1967
  • Print Format: Paperback
  • Paperback Pages: 9
  • Paperback Price: $20.00
  • Document Number: P-3378-1

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RAND Style Manual
Fox, Bennett L., Existence of Stationary Optimal Policies for Some Markov Renewal Programs. RAND Corporation, P-3378-1, 1967. As of September 12, 2024: https://www.rand.org/pubs/papers/P3378-1.html
Chicago Manual of Style
Fox, Bennett L., Existence of Stationary Optimal Policies for Some Markov Renewal Programs. Santa Monica, CA: RAND Corporation, 1967. https://www.rand.org/pubs/papers/P3378-1.html. Also available in print form.
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