Existence and Discovery of Average Optimal Solutions in Deterministic Infinite Horizon Optimization.
Irwin E. SchochetmanRobert L. SmithPublished in: Math. Oper. Res. (1998)
Keyphrases
- infinite horizon
- stationary policies
- average cost
- optimal solution
- markov decision processes
- finite horizon
- optimal control
- long run
- optimal policy
- dynamic programming
- stochastic demand
- markov decision process
- total cost
- linear program
- state space
- production planning
- partially observable
- single item
- fixed cost
- holding cost
- machine learning
- inventory control
- objective function
- lead time
- finite state
- standard deviation
- optimization problems
- lower bound
- decision making