The achievable region approach to the optimal control of stochastic systems
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- dc.contributor.author Dacre, Marcusca
- dc.contributor.author Glazebrook, Kevinca
- dc.contributor.author Niño-Mora, Joséca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:23Z
- dc.date.available 2017-07-26T10:50:23Z
- dc.date.issued 1998-06-01
- dc.date.modified 2017-07-23T02:03:47Z
- dc.description.abstract The achievable region approach seeks solutions to stochastic optimisation problems by: (i) characterising the space of all possible performances (the achievable region) of the system of interest, and (ii) optimising the overall system-wide performance objective over this space. This is radically different from conventional formulations based on dynamic programming. The approach is explained with reference to a simple two-class queueing system. Powerful new methodologies due to the authors and co-workers are deployed to analyse a general multiclass queueing system with parallel servers and then to develop an approach to optimal load distribution across a network of interconnected stations. Finally, the approach is used for the first time to analyse a class of intensity control problems.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=306
- dc.identifier.citation Journal of The Royal Statistical Society B, 61, (1999), pp. 747-791
- dc.identifier.uri http://hdl.handle.net/10230/1200
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 306
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword achievable region
- dc.subject.keyword gittins index
- dc.subject.keyword linear programming
- dc.subject.keyword load balancing
- dc.subject.keyword multi-class queueing systems
- dc.subject.keyword performance space
- dc.subject.keyword stochastic optimisation threshold policy
- dc.subject.keyword Statistics, Econometrics and Quantitative Methods
- dc.title The achievable region approach to the optimal control of stochastic systemsca
- dc.type info:eu-repo/semantics/workingPaper