Model fidelity analysis for sequential decision-making systems using Simulation Decomposition Case study of critical mineral exploration
Year of publication
2024
Authors
Moss J. Robert; Kozlova Mariia; Corso Anthony; Caers Jef
Abstract
To solve sequential decision-making problems in practice, modelling assump-tions are made to make the problems tractable. A partially observable Markov decision process (POMDP) is a mathematical framework for sequen-tial decision-making and is solved using planning or reinforcement learning algorithms. In this work, we develop a framework to analyze the sensitiv-ity of POMDPs across various model fidelities. We introduce the POMDP model-fidelity framework (PMFF), where fidelities of the state uncertainty (i.e. belief), environment, planner, and inference algorithm are analyzed. We use Simulation Decomposition (SimDec) to quantitatively study the sensitiv-ity in the variance of the output planning performance metrics (e.g. returns and accuracy) given different input model fidelities. We apply PMFF and Sim-Dec to a real-world case study of critical mineral exploration, and results for this example suggest that planning with lower-fidelity models may be sufficient for decision-making.
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Publication type
Publication format
Article
Parent publication type
Compilation
Article type
Other article
Audience
ScientificPeer-reviewed
Peer-ReviewedMINEDU's publication type classification code
A3 Book section, Chapters in research booksPublication channel information
Parent publication name
Publisher
ISBN
Publication forum
Publication forum level
2
Open access
Open access in the publisher’s service
Yes
Open access of publication channel
Partially open publication channel
Self-archived
No
Other information
Fields of science
Business and management
Keywords
[object Object],[object Object],[object Object]
Internationality of the publisher
International
International co-publication
Yes
Co-publication with a company
No
DOI
10.4324/9781003453789-12
The publication is included in the Ministry of Education and Culture’s Publication data collection
Yes