Quasi-open-loop policies consist of sequences of Markovian decision rules that are insensitive to one component of the state space. Given a semi-Markov decision process (SMDP), we distinguish between ...

Semi-Markov processes extend traditional Markov models by explicitly accounting for the time spent in each state before transitioning. This added temporal dimension is particularly valuable in credit ...

This is a preview. Log in through your library . Abstract This paper studies the use of a collection of semi-Markov processes (referred to as paths) to describe the movement of coronary patients ...