International Series in Operations Research & Management Science

Markov Decision Processes in Practice

Editors: Boucherie, Richard, van Dijk, Nico M. (Eds.)

  • Promotes, illustrates and disseminates the present day possibilities and value of classical MDP for real life practical application and optimization
  • Provides “smart” starting rules for approximate procedures like ADP
  • Contains a collection of current applications that applies the latest numerical capacities and expansions​
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eBook $179.00
price for USA (gross)
  • ISBN 978-3-319-47766-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $229.00
price for USA
valid through November 5, 2017
  • ISBN 978-3-319-47764-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book presents classical Markov Decision Processes (MDP) for real-life applications and optimization. MDP allows users to develop and formally support approximate and simple decision rules, and this book showcases state-of-the-art applications in which MDP was key to the solution approach.  The book is divided into six parts. Part 1 is devoted to the state-of-the-art theoretical foundation of MDP, including approximate methods such as policy improvement, successive approximation and infinite state spaces as well as an instructive chapter on Approximate Dynamic Programming. It then continues with five parts of specific and non-exhaustive application areas. Part 2 covers MDP healthcare applications, which includes different screening procedures, appointment scheduling, ambulance scheduling and blood management. Part 3 explores MDP modeling within transportation.  This ranges from public to private transportation, from airports and traffic lights to car parking or charging your electric car . Part 4 contains three chapters that illustrates the structure of approximate policies for  production or manufacturing structures. In Part 5, communications is highlighted as an important application area for MDP. It includes Gittins indices, down-to-earth call centers and wireless sensor networks. Finally Part 6 is dedicated to financial modeling, offering an instructive review to account for financial portfolios and derivatives under proportional transactional costs. The MDP applications in this book illustrate a variety of both standard and non-standard aspects of MDP modeling and its practical use. This book should appeal to readers for practitioning, academic research and educational purposes, with a background in, among others, operations research, mathematics, computer science, and industrial engineering.

About the authors

Richard Boucherie received M.Sc. degrees in 1988 in applied mathematics and theoretical physics from the Universiteit Leiden, and received the Ph.D. degree in econometrics in 1992 from the Vrije Universiteit, Amsterdam. Since 2000 he is with the department of Applied Mathematics of the University of Twente, where he was appointed in 2003 as full professor of Stochastic Operations Research.

His research interests are in queueing theory, Petri nets and random walks with application areas including wireless and sensor networks, healthcare, road traffic, and network intrusion detection and prevention. Richard is co-founder of the University of Twente Center for Healthcare Operations Improvement and Research (CHOIR) in the area of healthcare logistics, and chair of the Postdoctorate programme in healthcare logistics. In 2014 he co-founded the spin-off company Rhythm, that carries out actual implementations of healthcare logistics solutions in healthcare organisations.  <

Nico M. van Dijk  has been active in the area of Stochastic Operations Research for over 30 years. He has always been stimulated by real-life stochastics , as reflected by his Ph.D. on Controlled Markov Processes: Time-discretization (1983), by his Wiley book on Queueing Networks and Product Forms : A systems approach (1993) and by practical application papers such as on communications, call centers, railways and ICU (Intensive care unit) systems. For a decade he works in close cooperation with the Dutch Blood banks. For joint work on blood supply, the OR team that he guided, became finalist for the EURO 2009 Excellence in OR Practice Award and received the INFORMS 2011 First Prize Interactive Poster Award. He is affiliated with the Stochastic Operations Research group at the University of Twente.

Table of contents (21 chapters)

  • One-Step Improvement Ideas and Computational Aspects

    Tijms, Henk

    Pages 3-32

  • Value Function Approximation in Complex Queueing Systems

    Bhulai, Sandjai

    Pages 33-62

  • Approximate Dynamic Programming by Practical Examples

    Mes, Martijn R. K. (et al.)

    Pages 63-101

  • Server Optimization of Infinite Queueing Systems

    Mészáros, András (et al.)

    Pages 103-129

  • Structures of Optimal Policies in MDPs with Unbounded Jumps: The State of Our Art

    Blok, H. (et al.)

    Pages 131-186

Buy this book

eBook $179.00
price for USA (gross)
  • ISBN 978-3-319-47766-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $229.00
price for USA
valid through November 5, 2017
  • ISBN 978-3-319-47764-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Markov Decision Processes in Practice
Editors
  • Richard Boucherie
  • Nico M. van Dijk
Series Title
International Series in Operations Research & Management Science
Series Volume
248
Copyright
2017
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing AG
eBook ISBN
978-3-319-47766-4
DOI
10.1007/978-3-319-47766-4
Hardcover ISBN
978-3-319-47764-0
Series ISSN
0884-8289
Edition Number
1
Number of Pages
XXXII, 552
Number of Illustrations and Tables
43 b/w illustrations, 56 illustrations in colour
Topics