Sequential Decision Making With Limited Observation Capability: Application to Wireless Networks

Lazy Restless Bandits for Decision Making with Limited Observation Capability: Applications in Wireless Networks

In this work we formulate the problem of restless multi-armed bandits with cumulative feedback and partially observable states. We call these bandits as lazy restless bandits (LRB) as they are slow in action and allow multiple system state transitions during every decision interval. Rewards for each action are state dependent. The states of arms are hidden from the decision maker. The goal of t...

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making

Decision-Analytic Approaches to Operational Decision Making: Application and Observation

Decision analysis (DA) and the rich set of tools devel­ oped by researchers in decision making under uncertainty show great potential to penetrate the technological content of the products and services delivered by firms in a variety of industries as well as the business processes used to deliver those products and services to market. In this paper I describe work in progress at Sun Microsystem...

Sequential Decision-making and Asymmetric Equilibria: An Application to Takeovers

With indivisible shareholdings and simultaneous shareholder decisionmaking, the existing takeover literature provides a reasonable pro…t only in asymmetric equilibria. We allow the raider to approach shareholders sequentially and thereby …nd a unique equilibrium that produces the same outcome. J.E.L. classi…cation: L10, G34, H41.

Application of Fuzzy Decision-Making to Facility Layout Planning

This research proposes a vigorous methodology based on the fuzzy set theory to improve the facility layout process. Using natural language, the fuzzy set theory is an appropriate tool for controlling complex systems such as facility planning. The closeness rating between departments in a plant depends on qualitative and quantitative factors. Some of these factors may have a greater effect on th...