On the terminal condition for the Bellman equation for dynamic optimization with an infinite horizon.

Agnieszka Wiszniewska-Matyszkiel

Published in: Appl. Math. Lett. (2011)

Keyphrases

infinite horizon
dynamic optimization
finite horizon
optimal policy
long run
optimal control
nature inspired
dynamic programming
stochastic demand
markov decision processes
sufficient conditions
linear program
average cost
state space
markov decision process
mathematical model
cost function
data mining