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On Optimizing Taboo Criteria in Markov Decision Processes
Journal article   Open access   Peer reviewed

On Optimizing Taboo Criteria in Markov Decision Processes

Kartikeya Puranam and Michael Katehakis
International journal of applied decision sciences, Vol.7(1), pp.33-43
2014

Abstract

Markov decision processes Taboo probability Taboo reward Inventory Reliability
The standard approach when using a Markov decision process to find an optimal policy is to assume a fixed profit or cost structure. However, in many applied problems it may be not possible to determine profits or costs associated with all states or actions. In such cases we propose the use of taboo first passage reward and taboo first passage time as objectives. In this paper we investigate problems related to optimizing aforementioned taboo measures and we provide two examples.
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Accepted Manuscript (AM) International Journal of Applied Decision Sciences Open Access
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https://doi.org/10.1504/IJADS.2014.058036View
Version of Record (VoR) International Journal of Applied Decision Sciences
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