1984Advances in Applied ProbabilityRequires access

Discrete-time approximationsfor continuous-time Markoviancontrol systems

Arie Hordijk, F.A. van der Duyn Schouten

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Abstract

The method of discrete-time approximation is widespread in control and decision theory. However, little attention has been paid to the conditions on parameters and control under which the discrete-time systems come close to the continuous-time system.

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The method of discrete-time approximation is widespread in control and decision theory. However, little attention has been paid to the conditions on parameters and control under which the discrete-time systems come close to the continuous-time system.

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Available abstract

The method of discrete-time approximation is widespread in control and decision theory. However, little attention has been paid to the conditions on parameters and control under which the discrete-time systems come close to the continuous-time system.

Key concepts: Discrete time and continuous time, Mathematics, Discrete-time stochastic process, Discrete modelling, Discrete system, Control (management), Applied mathematics, Control theory (sociology)

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