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We consider an ordinal optimization problem, where a decision maker learns the statistical characteristics of a number of systems using sequential sampling in order to ultimately determine the "best" one (with high probability). In so doing, the decision maker postulates a parametric model which...
Persistent link: https://www.econbiz.de/10013222537
This paper investigates the problem of information sharing between a retailer and a manufacturer in a supply chain. We develop a stylized model where a salient feature is that the product's quality is unknown but customers can infer it using a quality signal from customer-generated reviews. The...
Persistent link: https://www.econbiz.de/10013216687