On compactness of the space of policies in stochastic dynamic programming

Erik Balder ()

Stochastic Processes and their Applications, 1989, vol. 32, issue 1, 141-150

Abstract: For stochastic dynamic programming models with compact, history-dependent action sets, sufficient conditions are given for the existence of a topology such that (i) the space of policies is compact, and (ii) the expected reward functionals are upper semicontinuous. The sufficient conditions (C) used here are weaker than both conditions (W) and (S) of Schäl, and unify these.

Keywords: dynamic; programming; expected; utility; criterion; compact; policy; space (search for similar items in EconPapers)
Date: 1989
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Citations: View citations in EconPapers (4)

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