Explore the fundamental concepts of Markov Decision Processes in this comprehensive lecture. Delve into key assumptions, rewards, discounting, and essential components. Learn about inventory management applications and techniques for selecting actions. Examine evaluation methods, computational approaches, and Bellman's Equation. Gain practical insights through a detailed example, enhancing your understanding of this powerful decision-making framework.
Overview
Syllabus
Markov Decision Processes
Assumptions
Rewards
Discounting
Components
Inventory Management
Selecting Actions
Evaluation
Computation
Bellmans Equation
Example
Taught by
Pascal Poupart
