Markov decision processes in minimization of expected costs

Basics of Markov decision processes will be introduced in order to obtain the optimization goal function for minimizing the long-run expected cost. We focus on mini-mization of such cost of the farmer's policy consisting of different decisions in specic states regarding both milk quality and qu...

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Bibliographic Details
Main Authors: Marija Rukav, Kruno Stražanac, Nenad Šuvak, Zoran Tomljanović
Format: Article
Language:English
Published: Croatian Operational Research Society 2014-12-01
Series:Croatian Operational Research Review
Subjects:
Online Access:http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=197361