Application of Markov Decision Algorithm for the Allocation of Computer Maintenance · Electronic Theses and Dissertations

Author: Mugwagwa, Success
Title: Application of Markov Decision Algorithm for the
Allocation of Computer Maintenance
Abstract: Decision-making plays a very important role on individual, organizational, societal, and governmental levels. In this study, the decision maker (vendor), after considering all surrounding circumstances, has to go through the core process before an action is taken among several alternatives. The kind of decision taken by the vendor today affects its future either positively or negatively. The fundamental decision faced by the organization is how to optimally allocate its resources at each decision epoch during a time horizon on a machine required for maintenance to optimize its performance. From a control point of view, the organization as the controller must optimize its allocation function at each decision epoch by selecting appropriate action(s) from its action space. The optimal policy that maps action to a given state was also studied. The main objective of the study is to apply the Markov decision process to portfolio allocation problems under an organization-managed inventory environment to obtain the expected reward for each decision and the optimal policy that maps an action to a given state.
Date: 2023
Publisher: BUSE
Keywords: Markov Decision Algorithm; Computer Maintenance
Supervisor: N\A