Decomposable jump decision processes

K. D. Glazebrook

Stochastic Processes and their Applications, 1979, vol. 9, issue 1, 19-33

Abstract: A large class of continuous parameter jump decision processes is considered. Pontryagin's Maximum Principle is used to derive a necessary condition for optimality. An optimal strategy may frequently be obtained explicitly.

Keywords: Dynamic; programming; Markov; and; semi-Markov; decision; processes; optimal; control; Pontryagin; Maximum; Principle (search for similar items in EconPapers)
Date: 1979
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