Sheopuri, Anshul; Zemel, Eitan - In: European Journal of Operational Research 204 (2010) 3, pp. 690-693
The Greed and Regret problem is a simple model with applications in areas such as studies of crime, ultimatums, bidding, setting service levels and sales force compensation. In general, the Greed and Regret problem is not concave, and may admit several local optima. Nevertheless, the optimal...