Markov decision processes and determining the exchange rate
Journal Title: Acta Universitatis Nicolai Copernici, Ekonomia - Year 2011, Vol 42, Issue 1
Abstract
The paper describes the theoretical foundations of Markov decision processes (MDP), presents the exchange market located in Torun's Old Town, with particular emphasis on tested exchange, and describes a simple model for an exchange, which was examined using the MDP. As a result, found the optimal policy for determining the exchange rate for two currencies - the euro and the dollar.
Authors and Affiliations
Sławomir Mentzen
Keywords
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