Semi-Markov processes extend traditional Markov models by explicitly accounting for the time spent in each state before transitioning. This added temporal dimension is particularly valuable in credit ...
This paper describes sufficient conditions for the existence of optimal policies for partially observable Markov decision processes (POMDPs) with Borel state, observation, and action sets, when the ...
Journal of Applied Probability and Advances in Applied Probability have for four decades provided a forum for original research and reviews in applied probability, mapping the development of ...