Sharkey: Modeling a Market Share and Advertising Problem as a Markov Decision Process

This video was created by Tom. It focuses on modeling the market share of a company and its advertising decisions for each state as a Markov Decision Process. It then formulates a linear program in order to solve the MDP and help determine the optimal advertising decisions for each state of the underlying Markov Chain.
You can read about the problem description before viewing the video at: homepages.rpi.e...