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Optimal decision rules for marked point process models.

Authors :
van Lieshout, M. N. M.
Source :
Stochastic Environmental Research & Risk Assessment. Sep2024, Vol. 38 Issue 9, p3607-3617. 11p.
Publication Year :
2024

Abstract

We study a Markov decision problem in which the state space is the set of finite marked point patterns in the plane, the actions represent thinnings, the reward is proportional to the mark sum which is discounted over time, and the transitions are governed by a birth-death-growth process. We show that thinning points with large marks maximises the discounted total expected reward when births follow a Poisson process and marks grow logistically. Explicit values for the thinning threshold and the discounted total expected reward over finite and infinite horizons are also provided. When the points are required to respect a hard core distance, upper and lower bounds on the discounted total expected reward are derived. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14363240
Volume :
38
Issue :
9
Database :
Academic Search Index
Journal :
Stochastic Environmental Research & Risk Assessment
Publication Type :
Academic Journal
Accession number :
179357126
Full Text :
https://doi.org/10.1007/s00477-024-02769-1