Optimal Policies for MDPs (Optimal Policies for MDPs)

Description

In an MDP, a policy is a choice of what action to choose at each state An Optimal Policy is a policy where you are always choosing the action that maximizes the “return”/”utility” of the current state. The problem here is to find such an optimal policy from a given MDP.

Parameters

$n$: number of states

Table of Algorithms

Name	Year	Time	Space	Approximation Factor	Model	Reference
Bellman Value Iteration (VI)	1957	$O({2}^n)$	$O(n)$	Exact	Deterministic	Time
Howard Policy Iteration (PI)	1960	$O(n^{3})$	$O(n)$	Exact	Deterministic	Time
Puterman Modified Policy Iteration (MPI)	1974	$O(n^{3})$	$O(n)$	Exact	Deterministic

Time Complexity Graph

Space Complexity Graph

Time-Space Tradeoff