By Topic

Controlled Markov chains with exponential risk-sensitive criteria: modularity, structured policies and applications

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Avila-Godoy, G. ; Dept. of Math., Arizona Univ., Tucson, AZ, USA ; Fernandez-Gaucherand, E.

This work concerns controlled Markov chains models with a countable state space, under (exponential) total and discounted risk-sensitive cost criteria. A set of general conditions is presented to obtain structural properties of the optimal value function and policies. In particular, monotonicity properties of value functions and optimal policies are established. Three applications studies are used to illustrate the general results obtained in the paper: equipment replacement, optimal resource allocation, and inventory control

Published in:

Decision and Control, 1998. Proceedings of the 37th IEEE Conference on  (Volume:1 )

Date of Conference:

1998