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

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.

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Year of publication:	2013
Authors:	Sofronov, Georgy
Published in:	European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 225.2013, 2, p. 332-336
Publisher:	Elsevier
Subject:	Dynamic programming \| Sequential decision analysis \| Optimal stopping \| Multiple stopping rules \| Selling problem

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010595023