| Article ID: | iaor20043709 |
| Country: | Netherlands |
| Volume: | 24 |
| Issue: | 5 |
| Start Page Number: | 223 |
| End Page Number: | 234 |
| Publication Date: | Jun 1999 |
| Journal: | Operations Research Letters |
| Authors: | Federgruen Awi, Aviv Yossi |
| Keywords: | markov processes |
This paper deals with Markov decision processes with a countable state space. We demonstrate that a single, relatively simple condition suffices to guarantee that the value-iteration method converges and that an optimal policy can be computed via this method, once the existence of a solution to the average cost optimality equation has been established via any of the many available sets of existence conditions.