We consider a class of discrete time, dynamic decision-making models which we refer to as Periodically Time-Inhomogeneous Markov Decision Processes (PTMDPs). In these models, the decision-making ...

This is a preview. Log in through your library . Abstract For a time-homogeneous continuous-parameter Markov chain we show that as t → 0 the transition probability pn, j(t) is at least of order tr(n, ...

Physicists have shown that Markov processes, widely used to model complex systems, must unfold over a larger space than previously assumed. Scientists believe that time is continuous, not discrete -- ...