A method that repeats value updates to find the best action plan.
Value Iteration is like putting score stickers on a maze. Each round, squares near the exit get better scores.
It keeps updating scores, then chooses the best next move. You meet it in planning and reinforcement learning.
Bellman Equation
Value Iteration repeats Bellman updates to reach the best values.
DP
Value Iteration is a classic DP method for step-by-step decisions.
Policy Iteration
Value Iteration and Policy Iter. are both classic ways to find the best policy.
MDP
Value Iteration often solves an MDP when the rules are known.