An optimal stopping problem with two levels of incomplete information

DC FieldValueLanguage
dc.contributor.authorStadje, W
dc.date.accessioned2021-12-23T16:00:54Z-
dc.date.available2021-12-23T16:00:54Z-
dc.date.issued1997
dc.identifier.issn14322994
dc.identifier.urihttps://osnascholar.ub.uni-osnabrueck.de/handle/unios/4649-
dc.description.abstractThe following variant of a classical selection problem is considered. Offers of random size are successively available to a decision-maker at discrete time instants, and he has to select one without having the possibility of recall. At any time he can accept or reject the current offer based on some initial information (just received) on its still unknown size, or he can demand additional information and take his decision thereafter. The cost c(0) > 0 for continuing to the next offer and the cost d(0) > 0 for obtaining the additional information are assumed to be constant. Under reasonable conditions on the underlying stochastic structure we find and characterize strategies maximizing the expected net reward.
dc.language.isoen
dc.publisherSPRINGER HEIDELBERG
dc.relation.ispartofMATHEMATICAL METHODS OF OPERATIONS RESEARCH
dc.subjectECONOMICS
dc.subjectJOB SEARCH
dc.subjectMathematics
dc.subjectMathematics, Applied
dc.subjectMODEL
dc.subjectOperations Research & Management Science
dc.titleAn optimal stopping problem with two levels of incomplete information
dc.typejournal article
dc.identifier.doi10.1007/BF01194251
dc.identifier.isiISI:000071262400006
dc.description.volume45
dc.description.issue1
dc.description.startpage119
dc.description.endpage131
dc.identifier.eissn14325217
dc.publisher.placeTIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY
dcterms.isPartOf.abbreviationMath. Method Oper. Res.
crisitem.author.deptFB 06 - Mathematik/Informatik-
crisitem.author.deptidfb06-
crisitem.author.parentorgUniversität Osnabrück-
crisitem.author.netidStWo325-
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