Undiscounted Cost Criteria

  • Onésimo Hernández-Lerma
  • Jean Bernard Lasserre
Part of the Applications of Mathematics book series (SMAP, volume 42)


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.


Average Cost Poisson Equation Average Cost Decision Function Cost Criterion 
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Copyright information

© Springer Science+Business Media New York 1999

Authors and Affiliations

  • Onésimo Hernández-Lerma
    • 1
  • Jean Bernard Lasserre
    • 2
  1. 1.Departamento de MatemáticasCINVESTAV-IPNMexico DFMexico
  2. 2.LAAS-CNRSToulouse CedexFrance

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