Value Functions and Transversality Conditions for Infinite Horizon Optimal Control Problems.
Nobusumi SagaraPublished in: MCO (2008)
Keyphrases
- infinite horizon
- optimal control
- optimal control problems
- production planning
- finite horizon
- dynamic programming
- stochastic demand
- control strategy
- markov decision processes
- long run
- sufficient conditions
- average cost
- markov decision process
- reinforcement learning
- machine learning
- optimal policy
- lost sales
- inventory policy
- approximation algorithms
- multistage
- solving nonlinear