Accession Number : AD0606367

Title :   A Markovian Decision Process

Corporate Author : RAND CORP SANTA MONICA CA

Personal Author(s) : Bellman, Richard

PDF Url : AD0606367

Report Date : 18 APR 1957

Pagination or Media Count : 15

Abstract : The purpose of this paper is to discuss the asymptotic behavior of the sequence (f sub n(i)) generated by a nonlinear recurrence relation. This problem arises in connection with an equipment replacement problem, cf. S. Dreyfus, A Note on an Industrial Replacement Process.

Descriptors :   *DYNAMIC PROGRAMMING, *STATISTICAL PROCESSES, *OBSOLESCENCE THEORY, PROBABILITY, MATRICES(MATHEMATICS), DECISION THEORY

Subject Categories : Statistics and Probability
      Operations Research
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE