Systems & Control: Foundations & Applications

Optimization, Control, and Applications of Stochastic Systems

In Honor of Onésimo Hernández-Lerma

Editors: Hernández-Hernández, Daniel, Minjárez-Sosa, J. Adolfo (Eds.)

  • Presents cutting-edge developments in many different areas of applied mathematics
  • Provides an interdisciplinary approach to the topic
  • Contributions written by experts in the field​
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About this book

This volume provides a general overview of discrete- and continuous-time Markov control processes and stochastic games, along with a look at the range of applications of stochastic control and some of its recent theoretical developments. These topics include various aspects of dynamic programming, approximation algorithms, and infinite-dimensional linear programming. In all, the work comprises 18 carefully selected papers written by experts in their respective fields.

Optimization, Control, and Applications of Stochastic Systems will be a valuable resource for all practitioners, researchers, and professionals in applied mathematics and operations research who work in the areas of stochastic control, mathematical finance, queueing theory, and inventory systems. It may also serve as a supplemental text for graduate courses in optimal control and dynamic games.

Table of contents (18 chapters)

  • On the Policy Iteration Algorithm for Nondegenerate Controlled Diffusions Under the Ergodic Criterion

    Arapostathis, Ari

    Pages 1-12

  • Discrete-Time Inventory Problems with Lead-Time and Order-Time Constraint

    Benkherouf, Lankere (et al.)

    Pages 13-29

  • Sample-Path Optimality in Average Markov Decision Chains Under a Double Lyapunov Function Condition

    Cavazos-Cadena, Rolando (et al.)

    Pages 31-57

  • Approximation of Infinite Horizon Discounted Cost Markov Decision Processes

    Dufour, François (et al.)

    Pages 59-76

  • Reduction of Discounted Continuous-Time MDPs with Unbounded Jump and Reward Rates to Discrete-Time Total-Reward MDPs

    Feinberg, Eugene A.

    Pages 77-97

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-0-8176-8337-5
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.00
price for USA
  • ISBN 978-0-8176-8336-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Rent the ebook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
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Bibliographic Information

Bibliographic Information
Book Title
Optimization, Control, and Applications of Stochastic Systems
Book Subtitle
In Honor of Onésimo Hernández-Lerma
Editors
  • Daniel Hernández-Hernández
  • J. Adolfo Minjárez-Sosa
Series Title
Systems & Control: Foundations & Applications
Copyright
2012
Publisher
Birkhäuser Basel
Copyright Holder
Springer Science+Business Media, LLC
eBook ISBN
978-0-8176-8337-5
DOI
10.1007/978-0-8176-8337-5
Hardcover ISBN
978-0-8176-8336-8
Series ISSN
2324-9749
Edition Number
1
Number of Pages
XXVII, 309
Number of Illustrations and Tables
1 b/w illustrations, 7 illustrations in colour
Topics