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On truncations and perturbations of Markov decision problems with an application to queueing network overflow control
Authors:Nico M Van Dijk
Institution:(1) Free University, Amsterdam, The Netherlands
Abstract:Conditions are provided to derive error bounds on the effect of truncations and perturbations in Markov decision problems. Both the average and finite horizon case are studied. As an application, an explicit error bound is obtained for a truncation of a Jacksonian queueing network with overflow control.
Keywords:Markov decision problems  truncation  perturbation  error bound  bias  queueing network  overflow control
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