Accession Number : AD0710328

Title :   SOME BOUNDS ON INFINITE HORIZON DISCOUNTED SEQUENTIAL DECISION PROCESSES,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Porteus,Evan L.

Report Date : JUL 1970

Pagination or Media Count : 22

Abstract : New improved bounds are obtained on the optimal return function for many infinite horizon discounted sequential decision processes. The susceptible processes must satisfy what is called the 'discounting' property. Processes satisfying the contraction and monotonicity properties qualify. Certain subprocesses are exploited, based on the simple notion of taking only those states which are relevant into consideration. Some existing algorithms and some of their obvious extensions are listed. The possibility of identifying nonoptimal decisions is included. (Author)

Descriptors :   (*DECISION THEORY, STOCHASTIC PROCESSES), SEQUENTIAL ANALYSIS, DYNAMIC PROGRAMMING, MANAGEMENT PLANNING AND CONTROL, OPTIMIZATION, ALGORITHMS, THEOREMS

Subject Categories : Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE