Utility Maximizing Sequential Sensing Over a Finite Horizon
نویسندگان
چکیده
منابع مشابه
Maximizing expected utility over a knapsack constraint
The expected utility knapsack problem is to pick a set of items whose values are described by random variables so as to maximize the expected utility of the total value of the items picked while satisfying a constraint on the total weight of items picked. We consider the following solution approach for this problem: (i) use the sample average approximation framework to approximate the stochasti...
متن کاملModelling imperfect inspection over a finite horizon
This paper models imperfect inspection policies for a system with a finite operational time requirement. Two types of maintenance policy are considered: that in which an alarm (a positive inspection) is followed by a check of the validity of the alarm at additional cost, and if the system is good it continues in service and if failed it is retired; and that in which a positive inspection leads ...
متن کاملTwo-warehouse system for non-instantaneous deterioration products with promotional effort and inflation over a finite time horizon
In the current global market, organizations use many promotional tools to increase their sales. One such tool is sales teams’ initiatives or promotional policies, i.e., free gifts, discounts, packaging, etc. This phenomenon motivates the retailer/or buyer to order a large inventory lot so as to take full benefit of promotional policies. In view of this the present paper considers a two-warehous...
متن کاملOptimal Capital Structure with Sequential Options and Finite Horizon
A binomial lattice based framework for the analysis of finite investment options with finite operational phase is developed. Solutions for European and American type finite horizon investment options with optimal capital structure and a multi-stage investment setting with multiple debt issues are discussed. The analysis shows that optimal leverage ratios are not affected by option moneyness at ...
متن کاملThe Wiener Sequential Testing Problem with Finite Horizon
We present a solution of the Bayesian problem of sequential testing of two simple hypotheses about the mean value of an observed Wiener process on the time interval with finite horizon. The method of proof is based on reducing the initial optimal stopping problem to a parabolic free-boundary problem where the continuation region is determined by two continuous curved boundaries. By means of the...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: IEEE Transactions on Signal Processing
سال: 2017
ISSN: 1053-587X,1941-0476
DOI: 10.1109/tsp.2017.2692725