A selection problem with cost-‘Secretary problem’ when unlimited recall is allowed

A selection problem with cost-‘Secretary problem’ when unlimited recall is allowed

0.00 Avg rating0 Votes
Article ID: iaor19941551
Country: Japan
Volume: 35
Issue: 4
Start Page Number: 373
End Page Number: 382
Publication Date: Dec 1992
Journal: Journal of the Operations Research Society of Japan
Authors:
Keywords: decision, personnel & manpower planning, decision theory, optimization, probability, programming: dynamic, simulation
Abstract:

It is required to select a good candidate from among n candidates. Taking the cost of interview into consideration, an optimum number i is determined, a random sample of size i is taken and from the sample the best candidate is chosen. The probability distribution of the absolute rank r of the chosen individual is obtained. After a fundamental theory is developed, the asymptotic theories are considered when n becomes very large, for the cases of high, medium, and low cost.

Reviews

Required fields are marked *. Your email address will not be published.