| Article ID: | iaor20012475 |
| Country: | Netherlands |
| Volume: | 30 |
| Issue: | 7/8 |
| Start Page Number: | 7 |
| End Page Number: | 20 |
| Publication Date: | Jul 1999 |
| Journal: | Mathematical and Computer Modelling |
| Authors: | Kurano M., Yasuda M., Yoshida Y., Nakagami J.-I. |
| Keywords: | programming: dynamic |
As the same framework of fuzzy decision processes with the discounted case, we will specify an average fuzzy criterion model and develop its optimization by ‘fuzzy max order’ under appropriate conditions. The average reward is characterized, by introducing a relative value function, as a unique solution of the associated equation. Also, we derive the optimality equation using the ‘vanishing discount factor’ approach.