The search session has expired. Please query the service again.

The search session has expired. Please query the service again.

The search session has expired. Please query the service again.

The search session has expired. Please query the service again.

A secretary problem with missing observations

David Mark Ramsey

Mathematica Applicanda (2016)

  • Volume: 44, Issue: 1
  • ISSN: 1730-2668

Abstract

top
Two versions of a best choice problem in which an employer views a sequence of N applicants are considered. The employer can hire at most one applicant. Each applicant is available for interview (and, equivalently, for employment) with some probability p .The available applicants are interviewed in the order that they are observed and the availability of the i -th applicant is ascertained before the employer can observe the ( i + 1 ) -th applicant. The employer can rank an available applicant with respect to previously interviewed applicants. The employer has no information on the value of applicants who are unavailable for interview. Applicants appear in a random order. An employer can only offer a position to an applicant directly after the interview. If an available applicant is offered the position, then he will be hired. In the first version of the problem, the goal of the employer is to obtain the best of all the applicants. The form of the optimal strategy is derived. In the second version of the problem, the goal of the employer to obtain the best of the available applicants. It is proposed that the optimal strategy for this second version is of the same form as the form of the optimal strategy for the first version. Examples and the results of numerical calculations are given.

How to cite

top

David Mark Ramsey. "A secretary problem with missing observations." Mathematica Applicanda 44.1 (2016): null. <http://eudml.org/doc/292871>.

@article{DavidMarkRamsey2016,
abstract = {Two versions of a best choice problem in which an employer views a sequence of $N$ applicants are considered. The employer can hire at most one applicant. Each applicant is available for interview (and, equivalently, for employment) with some probability $p$.The available applicants are interviewed in the order that they are observed and the availability of the $i$-th applicant is ascertained before the employer can observe the $(i+1)$-th applicant. The employer can rank an available applicant with respect to previously interviewed applicants. The employer has no information on the value of applicants who are unavailable for interview. Applicants appear in a random order. An employer can only offer a position to an applicant directly after the interview. If an available applicant is offered the position, then he will be hired. In the first version of the problem, the goal of the employer is to obtain the best of all the applicants. The form of the optimal strategy is derived. In the second version of the problem, the goal of the employer to obtain the best of the available applicants. It is proposed that the optimal strategy for this second version is of the same form as the form of the optimal strategy for the first version. Examples and the results of numerical calculations are given.},
author = {David Mark Ramsey},
journal = {Mathematica Applicanda},
keywords = {secretary problem, missing observations, stopping problem},
language = {eng},
number = {1},
pages = {null},
title = {A secretary problem with missing observations},
url = {http://eudml.org/doc/292871},
volume = {44},
year = {2016},
}

TY - JOUR
AU - David Mark Ramsey
TI - A secretary problem with missing observations
JO - Mathematica Applicanda
PY - 2016
VL - 44
IS - 1
SP - null
AB - Two versions of a best choice problem in which an employer views a sequence of $N$ applicants are considered. The employer can hire at most one applicant. Each applicant is available for interview (and, equivalently, for employment) with some probability $p$.The available applicants are interviewed in the order that they are observed and the availability of the $i$-th applicant is ascertained before the employer can observe the $(i+1)$-th applicant. The employer can rank an available applicant with respect to previously interviewed applicants. The employer has no information on the value of applicants who are unavailable for interview. Applicants appear in a random order. An employer can only offer a position to an applicant directly after the interview. If an available applicant is offered the position, then he will be hired. In the first version of the problem, the goal of the employer is to obtain the best of all the applicants. The form of the optimal strategy is derived. In the second version of the problem, the goal of the employer to obtain the best of the available applicants. It is proposed that the optimal strategy for this second version is of the same form as the form of the optimal strategy for the first version. Examples and the results of numerical calculations are given.
LA - eng
KW - secretary problem, missing observations, stopping problem
UR - http://eudml.org/doc/292871
ER -

NotesEmbed ?

top

You must be logged in to post comments.

To embed these notes on your page include the following JavaScript code on your page where you want the notes to appear.

Only the controls for the widget will be shown in your chosen language. Notes will be shown in their authored language.

Tells the widget how many notes to show per page. You can cycle through additional notes using the next and previous controls.

    
                

Note: Best practice suggests putting the JavaScript code just before the closing </body> tag.