Risk aversion to parameter uncertainty in Markov decision processes with an application to slow-onset disaster relief.
Merve MerakliSimge KüçükyavuzPublished in: IISE Trans. (2020)
Keyphrases
- markov decision processes
- risk aversion
- disaster relief
- risk averse
- expected utility
- utility function
- risk sensitive
- optimal policy
- communication networks
- state space
- finite state
- policy iteration
- dynamic programming
- inventory level
- reinforcement learning
- decision makers
- decision theory
- average cost
- exchange rate
- partially observable
- infinite horizon
- average reward
- stochastic programming
- action space
- portfolio management
- decision theoretic
- markov decision problems
- reward function
- pareto optimal
- influence diagrams
- decision problems
- evolutionary algorithm