Abstract
Let \( M = (X,A,\{ A(x)\left| x \right. \in X\} ,Q,c) \) be the Markov control model (MCM) in §8.2. In this chapter we study the expected total cost (ETC) criterion defined as
so the corresponding (optimal) value function is
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© 1999 Springer Science+Business Media New York
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Hernández-Lerma, O., Lasserre, J.B. (1999). The Expected Total Cost Criterion. In: Further Topics on Discrete-Time Markov Control Processes. Applications of Mathematics, vol 42. Springer, New York, NY. https://doi.org/10.1007/978-1-4612-0561-6_3
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DOI: https://doi.org/10.1007/978-1-4612-0561-6_3
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4612-6818-5
Online ISBN: 978-1-4612-0561-6
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