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Ranking of Countries - The WEF, IMD, Fraser and Heritage Indices

Ochel, Wolfgang; Röhn, Oliver - In: CESifo DICE Report 4 (2006) 2, pp. 48-60

Persistent link: https://www.econbiz.de/10005037309

Knightian Decision Theory and Econometric Inference

Bewley, Truman F. - Cowles Foundation for Research in Economics, Yale University - 1988

probabilities assumed in Knightian decision theory. I argue that some standard uses of classical inference are Knightian in spirit …

Persistent link: https://www.econbiz.de/10005762490

Dynamic Assortment with Demand Learning for Seasonal Consumer Goods

Caro, Felipe; Gallien, Jérémie - In: Management Science 53 (2007) 2, pp. 276-292

bandit model with several plays per stage and Bayesian learning. Our analysis involves the Lagrangian relaxation of weakly … coupled dynamic programs (DPs), results contributing to the emerging theory of DP duality, and various approximations. It …

Persistent link: https://www.econbiz.de/10009209132

Simple Models of Discrete Choice and Their Performance in Bandit Experiments

Gans, Noah; Knox, George; Croson, Rachel - In: Manufacturing & Service Operations Management 9 (2007) 4, pp. 383-408

Recent operations management papers model customers as solving multiarmed bandit problems, positing that consumers use a particular heuristic when choosing among suppliers. These papers then analyze the resulting competition among suppliers and mathematically characterize the equilibrium...

Persistent link: https://www.econbiz.de/10009218510

Some comments on selecting the best of several binomial populations or the bivariate normal population having the largest correlation coefficient

Wilcox, Rand - In: Psychometrika 43 (1978) 1, pp. 127-128

Persistent link: https://www.econbiz.de/10005376322

Relative difference in diversity between populations

Alam, Khursheed; Williams, Calvin - In: Annals of the Institute of Statistical Mathematics 45 (1993) 2, pp. 383-399

Persistent link: https://www.econbiz.de/10005395686

Ranking and selection for multiple performance measures using incomplete preference information

Mattila, V.; Virtanen, K. - In: European Journal of Operational Research 242 (2015) 2, pp. 568-579

This paper presents two new procedures for ranking and selection (R&S) problems where the best system designs are selected from a set of competing ones based on multiple performance measures evaluated through stochastic simulation. In the procedures, the performance measures are aggregated with...

Persistent link: https://www.econbiz.de/10011190773

Selecting the best simulated system with weighted control-variate estimators

Tsai, Shing Chih - In: Mathematics and Computers in Simulation (MATCOM) 82 (2011) 4, pp. 705-717

Ranking and selection (R&S) procedures have been considered an effective tool to solve simulation optimization problems with a discrete and finite decision space. Control variate (CV) is a variance reduction technique that requires no intervention in the way the simulation experiment is...

Persistent link: https://www.econbiz.de/10010870336

Simulation optimization of PSA-threshold based prostate cancer screening policies

Underwood, Daniel; Zhang, Jingyu; Denton, Brian; Shah, Nilay - In: Health Care Management Science 15 (2012) 4, pp. 293-309

years (QALYs). Our method integrates a simulation model in a genetic algorithm which uses a probabilistic method for … selection of the best policy. We present computational results about the efficiency of our algorithm. The best policy generated … by our algorithm is compared to previously recommended screening policies. Using the policies determined by our model, we …

Persistent link: https://www.econbiz.de/10010865044

Efficient comparison of constrained systems using dormancy

Healey, Christopher M.; Andradóttir, Sigrún; Kim, … - In: European Journal of Operational Research 224 (2013) 2, pp. 340-352

We consider the problem of finding the best simulated system under a primary performance measure, while also satisfying stochastic constraints on secondary performance measures. We improve upon existing constrained selection procedures by allowing certain systems to become dormant, halting...

Persistent link: https://www.econbiz.de/10011052495