Optimal control in light traffic Markov decision processes

Ger Koole and Olaf Passchier

Mathematical Methods of Operations Research, 1997, vol. 45, issue 1, 63-79

Abstract: We consider Markov Decision Processes under light traffic conditions. We develop an algorithm to obtain asymptotically optimal policies for both the total discounted and the average cost criterion. This gives a general framework for several light traffic results in the literature. We illustrate the method by deriving the asymptotically optimal control of a simple ATM network. Copyright Physica-Verlag 1997

Keywords: Optimal control; Markov decision processes; light traffic; discounted cost; average cost (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1007/BF01194248

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