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Explicit Solution of the Average-Cost Optimality Equation for a Pest-Control Problem
Author
Source
Issue
Vol. 2011, Issue 2011 (31 Dec. 2011), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2011-05-30
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Economics & Business Administration
Business Administration
Abstract EN
We introduce a Markov decision process in continuous time for the optimal control of a simple symmetrical immigration-emigration process by the introduction of total catastrophes.
It is proved that a particular control-limit policy is average cost optimal within the class of all stationary policies by verifying that the relative values of this policy are the solution of the corresponding optimality equation.
American Psychological Association (APA)
Kyriakidis, Epaminondas G.. 2011. Explicit Solution of the Average-Cost Optimality Equation for a Pest-Control Problem. Advances in Decision Sciences،Vol. 2011, no. 2011, pp.1-11.
https://search.emarefa.net/detail/BIM-485528
Modern Language Association (MLA)
Kyriakidis, Epaminondas G.. Explicit Solution of the Average-Cost Optimality Equation for a Pest-Control Problem. Advances in Decision Sciences No. 2011 (2011), pp.1-11.
https://search.emarefa.net/detail/BIM-485528
American Medical Association (AMA)
Kyriakidis, Epaminondas G.. Explicit Solution of the Average-Cost Optimality Equation for a Pest-Control Problem. Advances in Decision Sciences. 2011. Vol. 2011, no. 2011, pp.1-11.
https://search.emarefa.net/detail/BIM-485528
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-485528