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Part of the book series: Applications of Mathematics ((SMAP,volume 42))

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Abstract

Infinite-horizon Markov control problems can be roughly classified as being “discounted” or “undiscounted”. The former, which have been the main subject of Chapter 4 and Chapter 8, are basically well understood in the sense that their theory can be safely considered to be complete. This is not the case for undiscounted problems—in fact, to start with, “undiscounted” can have several different meanings.

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© 1999 Springer Science+Business Media New York

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Hernández-Lerma, O., Lasserre, J.B. (1999). Undiscounted Cost Criteria. In: Further Topics on Discrete-Time Markov Control Processes. Applications of Mathematics, vol 42. Springer, New York, NY. https://doi.org/10.1007/978-1-4612-0561-6_4

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  • DOI: https://doi.org/10.1007/978-1-4612-0561-6_4

  • Publisher Name: Springer, New York, NY

  • Print ISBN: 978-1-4612-6818-5

  • Online ISBN: 978-1-4612-0561-6

  • eBook Packages: Springer Book Archive

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