most citedOn the Optimality Equation for Average Cost Markov Decision Processes and its Validity for Inventory Control

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math.OC2016★ 2 cited

On the Optimality Equation for Average Cost Markov Decision Processes and its Validity for Inventory Control

Eugene A. Feinberg, Yan Liang

As is well known, average-cost optimality inequalities imply the existence of stationary optimal policies for Markov Decision Processes with average costs per unit time, and these…