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Item Details
Title: CONTINUOUS-TIME MARKOV DECISION PROCESSES
THEORY AND APPLICATIONS
By: Xianping Guo, Onesimo Hernandez-Lerma
Format: Paperback

List price: £72.00


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ISBN 10: 3642260721
ISBN 13: 9783642260728
Publisher: SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG
Pub. date: 25 February, 2012
Series: Stochastic Modelling and Applied Probability 62
Pages: 234
Description: This volume provides the first book entirely devoted to recent developments on the theory and applications of continuous-time Markov decision processes (MDPs). The MDPs presented here include most of the cases that arise in applications.
Synopsis: Continuous-time Markov decision processes (MDPs), also known as controlled Markov chains, are used for modeling decision-making problems that arise in operations research (for instance, inventory, manufacturing, and queueing systems), computer science, communications engineering, control of populations (such as fisheries and epidemics), and management science, among many other fields. This volume provides a unified, systematic, self-contained presentation of recent developments on the theory and applications of continuous-time MDPs. The MDPs in this volume include most of the cases that arise in applications, because they allow unbounded transition and reward/cost rates. Much of the material appears for the first time in book form.
Illustrations: biography
Publication: Germany
Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Returns: Returnable
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