Optimization and Games for Controllable Markov Chains: Numerical Methods with Application to Finance and Engineering

by Alexander Poznyak and Julio B. Clempner

This book considers a class of ergodic finite controllable Markov's chains. The main idea behind the method, described in this book, is to develop the original discrete optimization problems (or game models) in the space of randomized formulations, where the variables stand in for the distributions (mixed strategies or preferences) of the original discrete (pure) strategies in the use. The following suppositions are made: a finite state space,...

• Format: Hardcover
• Language: English
• ISBN: 3031435745
• ISBN13: 9783031435744
• Release Date: December 2023
• Publisher: Springer
• Length: 332 Pages
• Weight: 1.47 lbs.
• Dimensions: 0.8" x 6.1" x 9.2"