| Article ID: | iaor19961331 |
| Country: | United States |
| Volume: | 34 |
| Issue: | 1 |
| Start Page Number: | 295 |
| End Page Number: | 310 |
| Publication Date: | Jan 1996 |
| Journal: | SIAM Journal on Control and Optimization |
| Authors: | Hernandez-Lerma Onesimo, Lasserre Jean |
| Keywords: | control processes, programming: linear |
This paper shows the existence of solutions to the average-cost problem for Markov control processes on Borel spaces, with possibly unbounded costs and noncompact control constraint sets. This is done via a combination of the well-known ‘vanishing discount’ approach and recent reaults on the linear programming formulation for both discounted- and average-cost Markov control problems.