Undiscounted Cost Criteria
Infinite-horizon Markov control problems can be roughly classified as being “discounted” or “undiscounted”. The former, which have been the main subject of Chapter 4 and Chapter 8, are basically well understood in the sense that their theory can be safely considered to be complete. This is not the case for undiscounted problems—in fact, to start with, “undiscounted” can have several different meanings.
KeywordsAverage Cost Poisson Equation Average Cost Decision Function Cost Criterion
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