Description
This second edition brings the story up to date. There are new chapters on the achievable region approach to stochastic optimization problems, the construction of performance bounds for suboptimal policies, Whittle's restless bandits, and the use of Lagrangian relaxation in the construction and evaluation of index policies. Some of the many varied proofs of the index theorem are discussed along with the insights that they provide. Many contemporary applications are surveyed, and over 150 new references are included.
Over the past 40 years the Gittins index has helped theoreticians and practitioners to address a huge variety of problems within chemometrics, economics, engineering, numerical analysis, operational research, probability, statistics and website design. This new edition will be an important resource for others wishing to use this approach.
About the Author
John Gittins, Statistics Department, University of Oxford, UK
Kevin Glazebrook, Department of Management Science, Lancaster University, UK
Richard Weber, Statistical Laboratory, University of Cambridge, UK
Book Information
ISBN 9780470670026
Author John Gittins
Format Hardback
Page Count 312
Imprint John Wiley & Sons Inc
Publisher John Wiley & Sons Inc
Weight(grams) 612g
Dimensions(mm) 231mm * 155mm * 23mm
