A Heterogeneous Arrival Queue under N Policy with Server Breakdowns and Multiple Vacations
نویسندگان
چکیده
We consider the problem of investment and consumption with a hidden Markov model and a regime switching structure. The Bayesian approach is followed to integrate econometric consideration and to make inference of the hidden Markov model. The optimal investment strategy is characterized by the method of stochastic dynamic programming and simulation results are given.
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