Note—Optimal Inspection Policy in Sequential Screening

DOI10.1287/mnsc.37.8.1058zbMath0745.90029MaRDI QIDQ3985145

June S. Park, Kwei Tang, Michael H. Peters

Publication date: 27 June 1992

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.37.8.1058

zbMATH Keywords

optimal stopping; sequential screening; Bayesian approach; backward- recursive optimal algorithm

Mathematics Subject Classification ID

62C10: Bayesian problems; characterization of Bayes procedures

90B25: Reliability, availability, maintenance, inspection in operations research

90C39: Dynamic programming

60G40: Stopping times; optimal stopping problems; gambling theory

90C40: Markov and semi-Markov decision processes

90-08: Computational methods for problems pertaining to operations research and mathematical programming

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