Article ID: | iaor20082765 |
Country: | Netherlands |
Volume: | 35 |
Issue: | 3 |
Start Page Number: | 324 |
End Page Number: | 330 |
Publication Date: | May 2007 |
Journal: | Operations Research Letters |
Authors: | Smith J. Cole, Lim Churlzu, Bearden J. Neil |
Keywords: | optimal stopping |
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.