The existence of good Markov strategies for decision processes with general payoffs

Theodore P. Hill and Victor C. Pestien

Stochastic Processes and their Applications, 1987, vol. 24, issue 1, 61-76

Abstract: For countable-state decision processes (dynamic programming problems), a general class of objective functions is identified for which it is shown that good Markov strategies always exist. This class includes product and lim inf rewards, as well as practically all the classical dynamic programming expected payoff functions.

Keywords: dynamic; programming; Markov; decision; process; Markov; strategy (search for similar items in EconPapers)
Date: 1987
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