Transversality Conditions for Some Infinite Horizon Discrete Time Optimization Problems.

Ivar Ekeland José Alexandre Scheinkman

Published in: Math. Oper. Res. (1986)

Keyphrases

infinite horizon
optimization problems
long run
finite horizon
optimal policy
dynamic programming
optimal control

markov decision processes
stationary policies
production planning
partially observable
stochastic demand
single item
markov decision process

markov chain
objective function
cost function
evolutionary algorithm
finite state
sufficient conditions
average cost

lead time
fixed cost
knapsack problem
holding cost
real time
dec pomdps