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Monotonicity in multidimensional Markov decision processes for the batch dispatch problem

Papadaki, Katerina and Powell, Warren B. (2007) Monotonicity in multidimensional Markov decision processes for the batch dispatch problem. Operations Research Letters, 35 (2). pp. 267-272. ISSN 0167-6377

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Abstract

Structural properties of stochastic dynamic programs are essential to understanding the nature of the solutions and in deriving appropriate approximation techniques. We concentrate on a class of multidimensional Markov decision processes and derive sufficient conditions for the monotonicity of the value functions. We illustrate our result in the case of the multiproduct batch dispatch (MBD) problem.

Item Type: Article
Official URL: http://www.elsevier.com/wps/find/journaldescriptio...
Additional Information: © 2007 Elsevier
Library of Congress subject classification: Q Science > QA Mathematics
Sets: Research centres and groups > Management Science Group
Departments > Management
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 08 Dec 2009 12:36
URL: http://eprints.lse.ac.uk/26205/

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