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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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Organizations and authors

LUT University

Kozlova Mariia Orcid -palvelun logo

Publication type

Publication format

Article

Parent publication type

Compilation

Article type

Other article

Audience

Scientific

Peer-reviewed

Peer-Reviewed

MINEDU's publication type classification code

A3 Book section, Chapters in research books

Publication channel information

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