A NOTE ON A CONTINUOUS-TIME SEARCH MODEL WITH SEVERAL OFFER STREAMS

Autor(en): STADJE, W 
Stichwörter: Business & Economics; ECONOMICS; JOB SEARCH; Management; Operations Research & Management Science
Erscheinungsdatum: 1992
Herausgeber: OPERATIONS RESEARCH SOC AMER
Journal: OPERATIONS RESEARCH
Volumen: 40
Ausgabe: 2
Startseite: S346-S352
Zusammenfassung: 
We consider a continuous-time search model with n random offer streams forming independent renewal processes. The distribution of the offer size may depend on the arrival time and the type of the offer, and there is a constant search cost per unit time. The searcher wants to select an offer such that the expected discounted reward is maximized. We present a method for computing such a strategy and apply it to some numerical examples. In the case of Poisson offer streams a more direct approach is also given.
ISSN: 0030364X
DOI: 10.1287/opre.40.3.S346

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