Note--A Note on Dynamic Programming with Unbounded Rewards

J. A. E. E. van Nunen and J. Wessels
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J. A. E. E. van Nunen: Graduate School of Management, Delft
J. Wessels: Eindhoven University of Technology

Management Science, 1978, vol. 24, issue 5, 576-580

Abstract: In a recent paper, Lippman presents sufficient conditions for Denardo's N-stage contraction in discounted semi-Markov decision processes with unbounded rewards. In this note it is demonstrated that Lippman's conditions may be replaced by weaker conditions which even imply 1-stage contraction. The verification of the conditions of this note is somewhat easier.

Date: 1978
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