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A minimax search plan is developed for locating the maximum of a one dimensional unimodal function when a time delay occurs between the placement of an experiment and the result. The optimal search plans, among all the plans which place only one experiment at each unit of time, are determined...
Persistent link: https://www.econbiz.de/10009196746
In a previous paper [Avriel, M., D. J. Wilde. 1966. Optimal search for a maximum with sequences of simultaneous function evaluations. Management Sci. 12 722.], the authors presented the minimax block search strategy for locating the maximum of unimodal functions of one variable by a sequence of...
Persistent link: https://www.econbiz.de/10009197127