optimal policies
Persistently optimal policies in stochastic dynamic programming with generalized discounting
... Abstract In this paper we study a Markov decision process with a non-linear discount function. Our approach is in spirit of the von Neumann-Morgenstern concept and is based on the notion of expectation. First, we define ...
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Optimal Policies for Sin Goods and Health Care: Tax or Subsidy?
... their past consumption plans (dual-self) and the other type of consumers who never regret them (persistent-error). They also introduce the role of health investment that can mitigate the damage caused by sin goods. ...
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Optimal Policies for Observing Time Series and Related Restless Bandit Problems
... the optimal timing of observations can in principle be determined a priori, and does not depend on the values of the observations (Kushner, 1964; Meier et ...that optimal policies can be approximated ...
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Multifunctional agriculture: The effect of non public goods on socially optimal policies
... A natural framework for multifunctional agriculture is a model where the emphasis is given to heterogeneity and spatial aspects of agriculture and on the changes in farmers’ incentives because of changes in profitability ...
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Optimal Policies for Managing Invasive Species under Uncertainty
... that optimal policy depends not only on the initial stock of the invasive species, but also on the sensi- tivity of management cost increases that occur in re- sponse to a change in the stock over ...be ...
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Determining the Optimal Policies for Product Supply Chain Management System
... For industrial application of the study, this paper examined a Cement Producing Factory (CPF) whose existing inventory decisions are to keep each distributors’ inventory physically separate in their warehouse and ...
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Optimal investment policy for an insurer with ambiguity aversion: maximizing exponential utility of terminal wealth
... the optimal policies for model ...the optimal policies with model ...the optimal investment policies with model ...our optimal control ...
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Use of Reinforcement Learning as a Challenge: A Review
... Schwartz’s [11] R-learning algorithm exhibits convergence to some of the MDPs. Several researchers have found this average reward criterion closer to the true problems which are being solved by discounted criterion. ...
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Optimal Paternalistic Savings Policies
... study optimal retirement savings policies when there is a paternalistic motive to overcome individuals’ present bias ...an optimal taxation framework, allowing us to study the problem of savings ...
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Quantitative Determination Of Optimal Fiscal And Monetary Policies: A Stochastic Optimal Control Analysis For Iran
... macroeconomic policies for Iran during the fourth development plan ...stochastic optimal control algorithm “OPTCON” until determine optimal fiscal and monetary policies as solutions of optimum ...
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Structural Properties of Optimal Scheduling Policies for Wireless Data Transmission
... recommended policies despite being sub-optimal exhibit better results than existing po- licies [3], our past work lacks any results about structural properties of both the recommended as well as the opti- ...
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A Stylized model of European Monetary Union for Analysing coordination games for Monetary and Macroprudential Policy
... that optimal simple rules are designed via maximization of the same wel- fare function as the one on which the model is ...choose optimal policies on the basis of a linear quadratic approximation ...
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OPTIMAL RESERVOIR OPERATING POLICIES ? A STOCHASTIC DYNAMIC PROGRAMMING APPROACH
... Reservoir operation is a continuous decision making process to determine the water level of reservoir and releases from it across time period. It is one of the most challenging tasks in water resource because water ...
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The impact of uncertainty on optimal emission policies
... and optimal poli- cies are not generally ...are optimal. When applying optimal control to inform pol- icy advice and decision making, it is important to keep in mind that optimal ...
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Optimal Production Tax and Privatization Policies under an Endogenous Market Structure
... two policies are independent. That is, the optimal tax rate is not dependent on the degree of privatization and the degree of privatization is not dependent on the tax ...
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Optimal Monetary and Fiscal Policies In a Search theoretic Model of Money and Unemployment
... the optimal monetary and fiscal policies of a general equilibrium model of unemployment and money with search frictions both in labor and goods markets as in Berentsen, Menzio and Wright ...
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Optimal Concentration and R&D Policies under Dual Government Goals
... In the real world, it is extremely unusual to see governments impose a tax on firms’ R&D activities. R&D subsidies and other measures used to stimulate R&D activities are far more common. The ...
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ENERGY EFFICIENCY FOR MOBILE USING CLOUD AND STOCHASTIC WIRELESS CHANNEL WITH DEADLINE J. Jayashri Mahendra Boopathi
... In this research, we make some assumptions for the cloud execution. First, we assume the binary executable file for the application has been replicated on the cloud clone initially. As such, it does not incur additional ...
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Optimal Operating Policies for a Multinational Company under Varying Market Economics
... the optimal operating decision to produce products ahead of time for the second period and the host country should be able to adjust the quantity of products being produced and inventoried, according to the ...
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Optimal inventory policies with an exact cost function under large demand uncertainty
... the optimal target inventory measures under different combinations of sizes for the coefficient of variation (CV) and the shortage cost per unit backordered, ...the optimal reorder point is positive or ...
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