Semi-markov control processes with unknown holding times distribution under an average cost criterion

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Abstract

This paper deals with a class of semi-Markov control models with Borel state and control spaces, possibly unbounded costs, and unknown holding times distribution F. Assuming that F does not depend on state-action pairs, we combine suitable methods of statistical estimation of the mean holding time with control procedures to construct an average cost optimal Markovian policy π=\{f t}. © 2009 Springer Science+Business Media, LLC.
Original languageAmerican English
Pages (from-to)317-336
Number of pages20
JournalApplied Mathematics and Optimization
DOIs
StatePublished - 1 Jun 2010

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