Article ID Journal Published Year Pages File Type
1143186 Operations Research Letters 2007 6 Pages PDF
Abstract

Structural properties of stochastic dynamic programs are essential to understanding the nature of the solutions and in deriving appropriate approximation techniques. We concentrate on a class of multidimensional Markov decision processes and derive sufficient conditions for the monotonicity of the value functions. We illustrate our result in the case of the multiproduct batch dispatch (MBD) problem.

Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
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