Transversality Conditions for Some Infinite Horizon Discrete Time Optimization Problems.
Ivar EkelandJosé Alexandre ScheinkmanPublished 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