This paper develops and tests a model of sequential decision making where a first stage of ranking a set of …

The traditional model of sequential decision making, for instance, in extensive form games, is a tree. Most texts …

traditional model of sequential decision making, for instance, in extensive form games, is a tree. Most texts define a tree as a … (Anscombe and Aumann [3]). When such a theory is used to model sequential decision making, the only adjustment is to restrict … is treated like a single static decision problem. This traditional concept of “sequential” decision making has come under …

environment, using the sequential decision‐making approach with various operational and inventory factors. Finally, the authors …