Average criteria in denumerable semi-Markov decision chains under risk-aversion.
Rolando Cavazos-CadenaHugo Cruz-SuárezRaúl Montes-de-OcaPublished in: Discret. Event Dyn. Syst. (2023)
Keyphrases
- markov decision chains
- risk aversion
- risk sensitive
- utility function
- average cost
- risk neutral
- expected utility
- risk averse
- long run
- markov decision processes
- optimal policy
- optimal control
- finite number
- optimality criterion
- finite state
- inventory level
- decision theory
- decision makers
- decision problems
- multistage
- exchange rate
- decision theoretic
- probability distribution
- markov decision problems
- infinite horizon
- machine learning
- total cost
- computational complexity