• DocumentCode
    715338
  • Title

    Applying Markovian decision theory to financial transactions

  • Author

    Goodwin, Roger L.

  • Author_Institution
    US Gov. Printing Office, Washington, DC, USA
  • fYear
    2015
  • fDate
    9-12 April 2015
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    This paper applies Markovian decision theory to intra-governmental financial transactions. One agency sells goods and services to the other. The customer agency can accept or reject an invoiced item under contract. Upon receiving a rejected invoiced item, the servicing agency must decide what action to take. We will develop four policies and the expected costs using Markovian decision theory.
  • Keywords
    Markov processes; decision theory; financial management; government; Markovian decision theory; customer agency; expected costs; intra-governmental financial transactions; servicing agency; Contracts; Decision theory; Printing; Steady-state; Synthetic aperture sonar; US Department of Transportation; Markov models; State space; expected costs; financial transactions; steady state solutions;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    SoutheastCon 2015
  • Conference_Location
    Fort Lauderdale, FL
  • Type

    conf

  • DOI
    10.1109/SECON.2015.7132937
  • Filename
    7132937
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=715338