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On the multi-attribute stopping problem with general value functions

Author: Smith, Cole ; Lim, Churizu ; Bearden, J. NeilINSEAD Area: Decision SciencesIn: Operations Research Letters, vol. 35, no. 3, May 2007 Language: EnglishDescription: p. 324-330.Type of document: INSEAD ArticleNote: Please ask us for this itemAbstract: We examine a sequential selection problem in which a single option must be selected. Each option's value is a function of its attributes, whose precise values can be ascertained at a given cost. We prove the optimality of a threshold stopping rule for a general class of objective functions.
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INSEAD Article Europe Campus
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We examine a sequential selection problem in which a single option must be selected. Each option's value is a function of its attributes, whose precise values can be ascertained at a given cost. We prove the optimality of a threshold stopping rule for a general class of objective functions.

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