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Requires Cost/reward matrix TPM

Requires Cost/reward matrix TPM. Requires Cost/reward matrix TPM TTM If TTM is exponentially dist’d then SMDP = CTMDP. If time is Exp distn then use e (- g t) ], else find discount factors for each transition time. If you cannot obtain TPM and TTM then approximate

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Requires Cost/reward matrix TPM

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  1. Requires • Cost/reward matrix • TPM • Requires • Cost/reward matrix • TPM • TTM • If TTM is exponentially dist’d • then SMDP = CTMDP If time is Exp distn then use e(-gt)], else find discount factors for each transition time If you cannot obtain TPM and TTM then approximate dynamic programming is needed (a.k.a neuro-dynamic Programming, reinforcement learning, simulation-based Optimization) = OR 774 YES

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