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Selection Of The Best Pair From A Random Sequence, John S. Rose
Selection Of The Best Pair From A Random Sequence, John S. Rose
Robins School of Business White Paper Series, 1980-2022
The model analyzed in this paper extends the clasÂsical secretary problem to the situation in which the decision maker wants to select the two best objects. Exactly two selections are permitted, and a selection strategy is defined by a pair of stopping times. Characterization of the optimal strategy is cumbersome, but useful asymptotic representations are obtained for long sequences.
Continuous Review Billing Decision Systems, John S. Rose
Continuous Review Billing Decision Systems, John S. Rose
Robins School of Business White Paper Series, 1980-2022
The subject of this paper is the recurring set of retail billing decisions: the activities whereby the firm initiates the collection of receivables from its charge account customers. A model for this decision making activity is proposed in order to enhance the profitability of the firm's billing information system.