Optimal stopping problem with controlled recall

被引:11
|
作者
Saito, T [1 ]
机构
[1] Univ Tsukuba, Doctoral Program Policy & Planning Sci, Ibaraki, Osaka 305, Japan
关键词
D O I
10.1017/S0269964800005076
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
This paper deals with the following discrete-time optimal stopping problem. For fixed search cost a a random offer, w similar to F(w), will be found for each time. This offer is either accepted, rejected, or "reserved" for recall later The reserving cost for any offer depends on its value, regardless of how long the offer is reserved. The objective is to maximize the expected discounted net profit, provided that an offer must be accepted. The major finding is that no previously reserved offer should be accepted prior to the deadline of the search process.
引用
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页码:91 / 108
页数:18
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