On the vanishing discount factor approach for Markov decision processes with weakly continuous transition probabilities

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

© 2015 Elsevier Inc. This note deals with average cost Markov decision processes with Borel state and control spaces, possibly unbounded costs and non-compact action subsets under the assumption of weak continuity of the transition law. It provides an elementary proof of the existence of average cost optimal stationary policies using the vanishing discount factor approach.
Original languageAmerican English
Pages (from-to)978-985
Number of pages8
JournalJournal of Mathematical Analysis and Applications
DOIs
StatePublished - 1 Jan 2015

Fingerprint

Dive into the research topics of 'On the vanishing discount factor approach for Markov decision processes with weakly continuous transition probabilities'. Together they form a unique fingerprint.

Cite this