Abstract
In the first section a modification to Howard's policy improvement routine for Markov decision problems is described. The modified routine normally converges the more rapidly to the optimal policy. In the second section a particular form of recurrence relation, which leads to the rapid determination of improved policies is developed for a certain type of dynamic programming problem. The relation is used to show that the repair limit method is the optimal strategy for a basic equipment replacement problem.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: 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.