Optimal Sequential Selection and Resource Allocation under Uncertainty
Consider a decision-maker who is in charge of a number of activities. At each of a sequence of decision points in time, he selects--on the basis of their performance--the set of activities to be continued further and allocates his limited resources among them. Activities receiving larger allocations...
| Veröffentlicht in: | Advances in Applied Probability. - Applied Probability Trust. - 12(1980), 4, Seite 942-957 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1980
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| Zugriff auf das übergeordnete Werk: | Advances in Applied Probability |
| Schlagworte: | Optimal stochastic resource allocation Optimal selection Random walk Markov decision theory Mathematics Applied sciences Business Behavioral sciences Philosophy |