Abstract
For a semi-regenerative decision model we give sufficient conditions for the existence of an average cost optimal stationary policy. Such a policy can be gained as the limit of stationary policies, which are optimal for the corresponding discounted problem, if the discount factor tends to zero. This fact can be used to derive the existence of structured average cost optimal policies from the existence of structured optimal policies for the discounted case. An example from queuing theory illustrates this.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
