Explicit Solution of the Average-Cost Optimality Equation for a Pest-Control Problem
Keyword(s):
We introduce a Markov decision process in continuous time for the optimal control of a simple symmetrical immigration-emigration process by the introduction of total catastrophes. It is proved that a particular control-limit policy is average cost optimal within the class of all stationary policies by verifying that the relative values of this policy are the solution of the corresponding optimality equation.
2003 ◽
Vol 57
(2)
◽
pp. 263-285
◽
1990 ◽
Vol 15
(5)
◽
pp. 425-432
◽
2018 ◽
Vol 464
(1)
◽
pp. 152-163
1993 ◽
Vol 7
(1)
◽
pp. 47-67
◽
2007 ◽
Vol 36
(14)
◽
pp. 2559-2575
◽
2008 ◽
Vol 70
(3)
◽
pp. 541-566
◽
Keyword(s):
1991 ◽
Vol 29
(1)
◽
pp. 439-469
◽
Keyword(s):
2015 ◽
Vol 47
(1)
◽
pp. 106-127
◽