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- Title:
The Effect of Information in Separable Bayesian Semi-Markov Control Models and its Application to Investment Planning
- Document type:
- Zeitschriftenaufsatz
- Author(s):
- Zagst, R.
- Non-TUM Co-author(s):
- nein
- Cooperation:
- -
- Abstract:
- We consider a separable Bayesian semi-Markov control model to describe economic decisions under uncertainty. Our main interest is to examine the influence of the possibility of learning on the economic decisions and on the total expected return in a multi-period framework. We make use of the concept of Blackwell-sufficiency and apply the results to multi-period investment planing under uncertainty.
- Intellectual Contribution:
- Discipline-based Research
- Journal title:
- Mathematical Methods of Operations Research
- Year:
- 1995
- Journal volume:
- 41
- Journal issue:
- 3
- Pages contribution:
- 277-288
- Language:
- en
- Key publication:
- Nein
- Peer reviewed:
- Ja
- International:
- Ja
- Book review:
- Nein
- Commissioned:
- not commissioned
- Professional Journal:
- Nein
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