TY - JOUR
T1 - Partially observed Markov decision processes with binomial observations
AU - Ben-Zvi, Tal
AU - Grosfeld-Nir, Abraham
PY - 2013/3
Y1 - 2013/3
N2 - We consider partially observed Markov decision processes with control limits. We analytically show how the finite-horizon control limits are non-monotonic in (a) the time remaining and (b) the probability of obtaining a conforming unit. We also prove that the infinite-horizon control limit can be calculated by solving a finite set of linear equations.
AB - We consider partially observed Markov decision processes with control limits. We analytically show how the finite-horizon control limits are non-monotonic in (a) the time remaining and (b) the probability of obtaining a conforming unit. We also prove that the infinite-horizon control limit can be calculated by solving a finite set of linear equations.
KW - Binomial yield
KW - Control limit
KW - POMDP
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U2 - 10.1016/j.orl.2013.01.005
DO - 10.1016/j.orl.2013.01.005
M3 - Article
AN - SCOPUS:84873030423
SN - 0167-6377
VL - 41
SP - 201
EP - 206
JO - Operations Research Letters
JF - Operations Research Letters
IS - 2
ER -