On the multi-attribute stopping problem with general value functions

J. Cole Smith, Churlzu Lim, J. Neil Bearden

Research output: Contribution to journalArticle

2 Scopus citations

Abstract

We examine a sequential selection problem in which a single option must be selected. Each option's value is a function of its attributes, whose precise values can be ascertained at a given cost. We prove the optimality of a threshold stopping rule for a general class of objective functions.

Original languageEnglish (US)
Pages (from-to)324-330
Number of pages7
JournalOperations Research Letters
Volume35
Issue number3
DOIs
StatePublished - May 1 2007
Externally publishedYes

Keywords

  • Dynamic programming
  • Multi-attribute optimization
  • Sequential search

ASJC Scopus subject areas

  • Software
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering
  • Applied Mathematics

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