An optimal sequential procedure for a multiple selling problem with independent observations

An optimal sequential procedure for a multiple selling problem with independent observations

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Article ID: iaor20128022
Volume: 225
Issue: 2
Start Page Number: 332
End Page Number: 336
Publication Date: Mar 2013
Journal: European Journal of Operational Research
Authors:
Keywords: asset selling
Abstract:

We consider a sequential problem of selling K identical assets over the finite time horizon with a fixed number of offers per time period and no recall of past offers. The objective is to find an optimal sequential procedure which maximizes the total expected revenue. In this paper, we derive an effective number of stoppings for an optimal sequential procedure for the selling problem with independent observations.

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