| Article ID: | iaor20082008 |
| Country: | Netherlands |
| Volume: | 35 |
| Issue: | 2 |
| Start Page Number: | 267 |
| End Page Number: | 272 |
| Publication Date: | Mar 2007 |
| Journal: | Operations Research Letters |
| Authors: | Powell Warren B., Papadaki Katerina |
| Keywords: | markov processes, programming: dynamic |
Structural properties of stochastic dynamic programs are essential to understanding the nature of the solutions and in deriving appropriate approximation techniques. We concentrate on a class of multidimensional Markov decision processes and derive sufficient conditions for the monotonicity of the value functions. We illustrate our result in the case of the multiproduct batch dispatch problem.