A Markov chain is a sequence of events where the probability of each event is dependent on the event immediately preceding it, but independent of earlier events. Models and numerical equations are used to describe the patterns. This process is particularly useful in operations research and decision science for plotting the sequence of actions which will cause a system to perform optimally. This study provides a unified treatment of the theory, applications and computational methods for Markov decision processes. Important topics featured include action elimination methods, value iteration in the average reward case and sensitive discount optimality.

From the Author:

1995 INFORMS Lanchester Prize Recipient

This book received the 1995 INFORMS Lanchester Prize as the best English language publication in operations research. I have used it in my course several times; a course outline is available on my web site. If you have any questions or comments about it please contact me.

"About this title" may belong to another edition of this title.

Store Description

BooksRun helps to save money on textbooks. We are committed to providing each customer with the highest standard of customer service. Please pay close attention to the description of the book and its condition you are ordering. If you have any questions or issues, please make sure to contact us first so we could resolve them. All orders are shipped on the same or the next business day. It usually takes 1 to 5 business days to receive your item if you choose expedited shipping. All orders submitted are eligible for a return within 30 days after the delivery. Thanks for shopping with us!

Visit Seller's Storefront