Optimal dynamic resource allocation to prevent defaults

DOI10.1016/j.orl.2016.04.008zbMath1380.90278OpenAlexW2343114244MaRDI QIDQ1694773

M. Erausquin, Eva Ferreira, Peter Jacko, Urtzi Ayesta

Publication date: 6 February 2018

Published in: Operations Research Letters (Search for Journal in Brave)

Full work available at URL: https://eprints.lancs.ac.uk/id/eprint/79300/1/ORL_report.pdf

zbMATH Keywords

Markov decision processesmulti-armed bandit problemdefault risk managementdynamic resource allocation policies

Mathematics Subject Classification ID

Markov and semi-Markov decision processes (90C40) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Related Items

A centre–free approach for resource allocation with lower bounds, Optimal dynamic resource allocation to prevent defaults, Modelling and solving resource allocation problems via a dynamic programming approach, Allocating resources via price management systems: a dynamic programming-based approach

Cites Work

• Unnamed Item
• Unnamed Item
• A Bayesian approach to the triage problem with imperfect classification
• Learning about variable demand in the long run
• Dynamic priority allocation via restless bandit marginal productivity indices
• Optimal dynamic resource allocation to prevent defaults
• Index policies for the maintenance of a collection of machines by a set of repairmen
• Optimal selection of obsolescence mitigation strategies using a restless bandit model
• Multi‐Armed Bandit Allocation Indices
• Optimal Search for the Best Alternative
• Funding Criteria for Research, Development, and Exploration Projects
• Strategic Experimentation
• Strategic Experimentation with Exponential Bandits