Counterfeit coin problem

Counterfeit coin problem

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Article ID: iaor20053267
Country: United States
Volume: 3
Issue: 2
Publication Date: Jan 2002
Journal: INFORMS Transactions on Education
Authors:
Keywords: programming: dynamic, education in OR
Abstract:

In this discussion we examine two versions of the famous Counterfeit Coin Problem, focusing on their educational OR/MS content. It is shown that this problem provides an excellent environment for illustrating a number of fundamental OR/MS problem-solving concepts and methods related to decision making under uncertainty. A number of interactive modules are provided for experimentation with this problem.

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