MCDM'09 - paper no. 1
LQG MONOTONE FOLLOWER MODEL OF CHANGE CONTROL IN TURBULENT ENVIRONMENT
Tadeusz Banek, Edward Kozłowski
Abstract:
Change control (ChC) and monotone LQG follower (MFP) are two problems considered in this paper. Analogies and similarities between them allow for introducing a common parametrization, which can be used for translation of results obtained for the follower problem into the jargon of change control. Analogies and similarities between these problems are recognized on two levels: movement's description and criteria of control. That is the first moment when multicriteria approach is taken into account. On the other hand, there are many possible criteria which can, and should, be taken into account in deciding how to apply results coming from solutions of MFP into actions for ChC. That is the second moment for multicriteria approach to work.
Keywords:
Stochastic control, change control, monotone follower, LQG problems, incremental value of information, Lagrange multipliers.
Reference index:
Tadeusz Banek, Edward Kozłowski, (2010), LQG MONOTONE FOLLOWER MODEL OF CHANGE CONTROL IN TURBULENT ENVIRONMENT, Multiple Criteria Decision Making (5), pp. 11-30
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