An optimal sequential procedure for a multiple selling problem with independent observations

Georgy Sofronov*

*Corresponding author for this work

    Research output: Contribution to journalArticle

    12 Citations (Scopus)

    Abstract

    We consider a sequential problem of selling K identical assets over the finite time horizon with a fixed number of offers per time period and no recall of past offers. The objective is to find an optimal sequential procedure which maximizes the total expected revenue. In this paper, we derive an effective number of stoppings for an optimal sequential procedure for the selling problem with independent observations.

    Original languageEnglish
    Pages (from-to)332-336
    Number of pages5
    JournalEuropean Journal of Operational Research
    Volume225
    Issue number2
    DOIs
    Publication statusPublished - 1 Mar 2013

    Keywords

    • dynamic programming
    • sequential decision analysis
    • optimal stopping
    • multiple stopping rules
    • selling problem

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