Renewal Programs with Finite Time Horizon SIAM Journal on Control and Optimization Volume 37, Number 2 pp. Renewal Programs with Finite Time Horizon Karl Hinderer, Karl-Heinz Waldmann Abstract. The convergence is based on explicit error bounds. Some bounds use the discounted renewal function. For the latter, monotone upper and lower bounds are obtained by an iterative method combined with an extrapolation.
Several examples demonstrate the applicability of the results.
Markov renewal programs, finite time horizon, approximate solution, discounted renewal function AMS Subject Classifications . 90C40, 90C42 PII .