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Continuous-Time Dynamic Reward Structures

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Operations Research Proceedings 1995

Part of the book series: Operations Research Proceedings ((ORP,volume 1995))

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Summary

This article studies the extension of continuous-time Markov reward processes to general dynamic reward structures governed by matrices with nonnegative off-diagonal elements. We show that several results for the standard Markov case also carry over to this more general case, most notably: uniformization, error bound analysis and comparison results.

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References

  1. Berman, A., Plemmons, R. J.: Nonnegative Matrices in the Mathematical Sciences. Academic Press, New York 1979

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Author information

Authors and Affiliations

  1. Department of Economic Sciences and Econometrics, University of Amsterdam, Roetersstraat 11, 1018 WB, Amsterdam, The Netherlands

    Nico M. van Dijk

  2. Institute of Information Theory and Automation, Academy of Sciences of the Czech Republic, P.O. Box 18, 182 08, Prague 8, Czech Republic

    Karel Sladký

Authors
  1. Nico M. van Dijk
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  2. Karel Sladký
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Editor information

Editors and Affiliations

  1. Wirtschftswissenschaftliche Fakultät Lehrstuhl für Wirtschaftsinformatik, Universität Passau, D-94030, Passau, Germany

    Peter Kleinschmidt

  2. Zentrum für Paralleles Rechnen, Universität zu Köln, Albertus-Magnus-Platz, D-50923, Köln, Germany

    Achim Bachem

  3. Lehrstuhl für Wirtschaftsinformatik, Universität zu Köln, Albertus-Magnus-Platz, D-50923, Köln, Germany

    Ulrich Derigs

  4. Selecteam Unternehmensberatung, Ritter-Hilprant-Str. 8, D-82024, Taufkirchen, Germany

    Dietrich Fischer

  5. Institut für Statistik und Operations Research, Karl Franzens Universität Graz, Herdergasse 11, A-8010, Graz, Austria

    Ulrike Leopold-Wildburger

  6. Fachbereich Mathematik, TU Berlin, Straße des 17. Juni 136, D-10623, Berlin, Germany

    Rolf Möhring

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© 1996 Springer-Verlag Berlin Heidelberg

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van Dijk, N.M., Sladký, K. (1996). Continuous-Time Dynamic Reward Structures. In: Kleinschmidt, P., Bachem, A., Derigs, U., Fischer, D., Leopold-Wildburger, U., Möhring, R. (eds) Operations Research Proceedings 1995. Operations Research Proceedings, vol 1995. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-80117-4_17

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  • DOI: https://doi.org/10.1007/978-3-642-80117-4_17

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-60806-6

  • Online ISBN: 978-3-642-80117-4

  • eBook Packages: Springer Book Archive

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