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Journal of the American Statistical Association Volume 83, 1988 - Issue 402
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Theory and Method

Optimal Sequential Selection from a Known Distribution with Holding Costs

E. Z. Ferenstein Institute of Mathematics, Technical University of Warsaw, PI. Jednosci Robotniczej 1, 00-661, Warsaw, Poland
&
E. G. Enns Department of Mathematics and Statistics, University of Calgary, Calgary, Alberta, T2N 1N4, Canada
Pages 382-386 | Received 01 Nov 1985, Published online: 12 Mar 2012

References

  • DeGroot , M. H. 1970 . Optimal Statistical Decisions , New York : McGraw-Hill .
  • Dhariyal , I. D. and Dudewicz , E. J. 1981 . “Optimal Selection From a Finite Sequence With Sampling Cost,” . Journal of the American Statistical Association , 76 : 952 – 959 .
  • Enns , E. G. 1975 . “Selecting the Maximum of a Sequence With Imperfect Information,” . Journal of the American Statistical Association , 70 : 640 – 643 .
  • Gilbert , J. P. and Mosteller , F. 1966 . “Recognizing the Maximum of a Sequence,” . Journal of the American Statistical Association , 61 : 35 – 73 .
  • Lorenzen , T. J. 1981 . “Optimal Stopping With Sampling Cost: The Secretary Problem,” . The Annals of Probability , 9 : 167 – 172 .
  • Petruccelli , J. D. 1980 . “On a Best Choice Problem With Partial Information,” . The Annals of Statistics , 8 : 1171 – 1174 .
  • Petruccelli , J. D. 1981 . “Best-Choice Problems Involving Uncertainty of Selection and Recall of Observations,” . Journal of Applied Probability , 18 : 415 – 425 .
  • Rasmussen , W. T. and Pliska , S. R. 1976 . “Choosing the Maximum From a Sequence With a Discount Function,” . Applied Mathematics and Optimization , 2 : 279 – 289 .
  • Rose , J. S. 1984 . “Optimal Sequential Selection Based on Relative Ranks With Renewable Call Options,” . Journal of the American Statistical Association , 79 : 430 – 435 .
  • Samuels , S. M. 1985 . “A Best-Choice Problem With Linear Travel Cost,” . Journal of the American Statistical Association , 80 : 461 – 464 .
  • Yang , M. C. K. 1974 . “Recognizing the Maximum of a Random Sequence Based on Relative Rank With Backward Solicitation,” . Journal of Applied Probability , 11 : 504 – 512 .

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