Article ID: | iaor19881227 |
Country: | Netherlands |
Volume: | 39 |
Issue: | 1 |
Start Page Number: | 1 |
End Page Number: | 16 |
Publication Date: | Mar 1989 |
Journal: | European Journal of Operational Research |
Authors: | White Chelsea C., White Douglas J. |
A review is given of an optimization model of discrete-stage, sequential decision making in a stochastic environment, called the Markov decision process (MDP). This review presents an overview of theoretical and computational results, applications, several generalizations of the standard MDP problem formulation, and future directions for research. The reference list contains seminal papers, key texts, and surveys for the interested reader.