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A mathematical framework for Continuous Time Finance based on operator algebraic methods offers a new direct and entirely constructive perspective on the field and leads to new numerical analysis techniques. This is partly a review paper as…

Probability · Mathematics 2009-09-29 Claudio Albanese

We consider a change-point detection problem for a simple class of Piecewise Deterministic Markov Processes (PDMPs). A continuous-time PDMP is observed in discrete time and through noise, and the aim is to propose a numerical method to…

Optimization and Control · Mathematics 2017-09-28 Alice Cleynen , Benoîte de Saporta

We study the role of the representation of state-action value functions in regret minimization in finite-horizon Markov Decision Processes (MDPs) with linear structure. We first derive a necessary condition on the representation, called…

Machine Learning · Computer Science 2021-10-29 Matteo Papini , Andrea Tirinzoni , Aldo Pacchiano , Marcello Restelli , Alessandro Lazaric , Matteo Pirotta

We formally verify executable algorithms for solving Markov decision processes (MDPs) in the interactive theorem prover Isabelle/HOL. We build on existing formalizations of probability theory to analyze the expected total reward criterion…

Artificial Intelligence · Computer Science 2023-03-09 Maximilian Schäfeller , Mohammad Abdulaziz

We consider discrete-time infinite horizon deterministic optimal control problems with nonnegative cost per stage, and a destination that is cost-free and absorbing. The classical linear-quadratic regulator problem is a special case. Our…

Optimization and Control · Mathematics 2017-12-20 Dimitri P. Bertsekas

We consider a Markov decision process subject to model uncertainty in a Bayesian framework, where we assume that the state process is observed but its law is unknown to the observer. In addition, while the state process and the controls are…

Optimization and Control · Mathematics 2022-06-22 Tomasz R. Bielecki , Igor Cialenco , Andrzej Ruszczyński

In this paper we prove some new fixed point theorems for multivalued mappings on orbitally complete uniform spaces.

General Topology · Mathematics 2007-05-23 Duran Turkoglu , Brian Fisher

A pointwise definable model is one in which every object is definable without parameters. In a model of set theory, this property strengthens V=HOD, but is not first-order expressible. Nevertheless, if ZFC is consistent, then there are…

Logic · Mathematics 2012-06-20 Joel David Hamkins , David Linetsky , Jonas Reitz

It is shown that the Bellman function method can be applied to study the $L^p$-norms of general operators on martingales, i.e., of operators that are not necessarily martingale transforms. Informally, we provide a single Bellman-type…

Functional Analysis · Mathematics 2023-12-04 Viacheslav Borovitskiy , Nikolay N. Osipov , Anton Tselishchev

We study parameterized MDPs (PMDPs) in which the key parameters of interest are unknown and must be learned using Bayesian inference. One key defining feature of such models is the presence of "uninformative" actions that provide no…

Systems and Control · Electrical Eng. & Systems 2023-05-16 Michael Gimelfarb , Michael Jong Kim

Models of many real-life applications, such as queuing models of communication networks or computing systems, have a countably infinite state-space. Algorithmic and learning procedures that have been developed to produce optimal policies…

Systems and Control · Electrical Eng. & Systems 2024-03-19 Saghar Adler , Vijay Subramanian

A recent result characterizes the fully order reversing operators acting on the class of lower semicontinuous proper convex functions in a real Banach space as certain linear deformations of the Legendre-Fenchel transform. Motivated by the…

Classical Analysis and ODEs · Mathematics 2019-04-09 Alfredo N. Iusem , Daniel Reem , Simeon Reich

In this paper, we consider multi-dimensional maximal cost-bounded reachability probability over continuous-time Markov decision processes (CTMDPs). Our major contributions are as follows. Firstly, we derive an integral characterization…

Systems and Control · Computer Science 2014-01-20 Hongfei Fu

In this paper, the notion of $\mathbb{C}$-simulation function is introduced and the existence and uniqueness of common fixed points of two self-mappings satisfying contractive conditions in the setting of complex valued metric spaces via…

Functional Analysis · Mathematics 2019-05-10 Anuradha Gupta , Manu Rohilla

Despite the success of model predictive control (MPC), its application to high-dimensional systems, such as flexible structures and coupled fluid/rigid-body systems, remains a largely open challenge due to excessive computational…

Systems and Control · Computer Science 2019-05-03 Joseph Lorenzetti , Benoit Landry , Sumeet Singh , Marco Pavone

The control function approach allows the researcher to identify various causal effects of interest. While powerful, it requires a strong invertibility assumption in the selection process, which limits its applicability. This paper expands…

Econometrics · Economics 2026-04-28 Sukjin Han , Hiroaki Kaido

In this paper, we present some fixed point theorems for operator systems in the line of Krasnosel'skii's theorem in cones. The cone-compression and cone-expansion type conditions are imposed in a component-wise manner. Unlike related…

Functional Analysis · Mathematics 2026-02-27 Laura M. Fernández-Pardo , Jorge Rodríguez-López

Robust Markov decision processes (MDPs) address the challenge of model uncertainty by optimizing the worst-case performance over an uncertainty set of MDPs. In this paper, we focus on the robust average-reward MDPs under the model-free…

Machine Learning · Computer Science 2023-05-19 Yue Wang , Alvaro Velasquez , George Atia , Ashley Prater-Bennette , Shaofeng Zou

Startpoints (resp. endpoints) can be defined as "oriented fixed points". They arise naturally in the study of fixed for multi-valued maps defined on quasi-metric spaces. In this article, we give a new result in the startpoint theory for…

General Topology · Mathematics 2018-04-02 Collins Amburo Agyingi , Yaé Ulrich Gaba

Markov Decision Processes (MDPs) have been used to formulate many decision-making problems in science and engineering. The objective is to synthesize the best decision (action selection) policies to maximize expected rewards (or minimize…

Optimization and Control · Mathematics 2015-07-07 Mahmoud El Chamie , Behcet Acikmese