Showing 1 - 10 of 4,881
This paper addresses constrained Markov decision processes, with expected discounted total cost criteria, which are controlled by non-randomized policies. A dynamic programming approach is used to construct optimal policies. The convergence of the series of finite horizon value functions to the...
Persistent link: https://www.econbiz.de/10010847733
Persistent link: https://www.econbiz.de/10013492839
For sequential decision processes with countable state spaces, we prove compactness of the set of strategic measures corresponding to nonrandomized policies. For the Borel state case, this set may not be compact (Piunovskiy, Optimal control of random sequences in problems with constraints....
Persistent link: https://www.econbiz.de/10010847644
For sequential decision processes with countable state spaces, we prove compactness of the set of strategic measures corresponding to nonrandomized policies. For the Borel state case, this set may not be compact (Piunovskiy, Optimal control of random sequences in problems with constraints....
Persistent link: https://www.econbiz.de/10010999682
We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider...
Persistent link: https://www.econbiz.de/10012028452
This paper models Corporate Social Responsibility (CSR) as one of the outputs that results from a firm's decisions regarding what and how to produce. The framework developed allows for studying technical efficiency and deriving a system of internal shadow prices to quantify the value of...
Persistent link: https://www.econbiz.de/10012057072
We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider...
Persistent link: https://www.econbiz.de/10012059091
We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider...
Persistent link: https://www.econbiz.de/10012109800
This dissertation is designed to document and to describe the strategic, non-routine decision processes used by leaders as they establish collaborative initiatives in economic development. This case study explores the following question: What are the strategic decision processes as well as...
Persistent link: https://www.econbiz.de/10009431328
Persistent link: https://www.econbiz.de/10011280896