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Decision 2 overhaul - PowerPoint PPT Presentation

OR II GSLM 52800

OR II GSLM 52800. Discounted Problem. the value of $1 in period n +1 is only ?$?, 0 < ? < 1, of period n. solvable, M +1 equations, M +1 unknowns. Evaluating the Expected Value of a Fixed Policy. ? = 0.9

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278 views • 18 slides

OR II GSLM 52800

OR II GSLM 52800. Policy and Action. policy the rules to specify what to do for all states action what to do at a state as dictated by the policy examples policy: replacement only at state 3 do nothing at states 0, 1, and 2, replacing at state 3

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308 views • 17 slides

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OR II GSLM 52800

OR II GSLM 52800