Journal of the Korean Operations Research and Management Science Society (한국경영과학회지)
- Volume 1 Issue 1
- /
- Pages.147-150
- /
- 1976
- /
- 1225-1119(pISSN)
- /
- 2733-4759(eISSN)
Optimal stopping in sampling from a multivariate distribution
- Jorn, Hong-Suk (dept. of Computer Science and Statistics, Seoul National University) ;
- Chung, Han-Young (dept. of Computer Science and Statistics, Seoul National University)
- Published : 1976.12.01
Abstract
Optimal stopping problem without recall from a multivariate distribution is solved by using the concept of an equilibrium point which was introduced by J. Nash. The solution is derived for the two cases: 1. The case where the observation cost C is positive and the given upper bound K on the number of observations is infinite. 2. The case where the observation cost C is zero and the given upper bound K on the number of observations is finite.
Keywords