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A Multiple Stopping Problem
Published online by Cambridge University Press: 27 July 2009
Abstract
In the context of team recruitment, we discuss an optimal multiple stopping problem for an infinite independent and identically distributed sequence, with general reward function and constant observation cost. We establish the existence and nature of an optimal stopping rule. For the particular case where team quality is governed by the fitness of the weakest member, we show that the recruiter should be more discriminating with either a better, or a larger, group of appointees in hand.
- Type
- Research Article
- Information
- Probability in the Engineering and Informational Sciences , Volume 8 , Issue 2 , April 1994 , pp. 169 - 177
- Copyright
- Copyright © Cambridge University Press 1994
References
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