We consider discounted Markov decision processes (MDPs) with countably-infinite state spaces, finite action spaces, and unbounded rewards. Typical examples of such MDPs are inventory management and ...

This is a preview. Log in through your library . Abstract We prove that the classic policy-iteration method [Howard, R. A. 1960. Dynamic Programming and Markov Processes. MIT, Cambridge] and the ...

If you think you’re your own person, think again. While you have the ability to make what you think seem like independent decisions, the truth is that most of the things you do—from the trains you ...

Pricing Partners, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that Simplex, a new optimization ...

This course examines formulation and solution of applicable optimization models, including linear, integer, nonlinear, and network problems, efficient algorithm methods, and use of computer modeling ...

While sitting in a courtroom, waiting to find out if he would be chosen for jury duty, Daniel Spielman had a revelation-all the work he and colleague Shanghua Teng had built up over the past three ...