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- W4246505220 abstract "We study a search model in which offers of random size are received randomly over time. The arrival times form a point process of a certain type, and the offer size distribution may depend on the corresponding arrival time. The search costs have a time-dependent cost rate. The objective is to stop the search process such that the expected discounted net reward (associated with the maximal offer received so far) is maximized. A stopping time σ is suggested, and conditions are specified under which σ turns out to be optimal." @default.
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- W4246505220 date "1991-12-01" @default.
- W4246505220 modified "2023-10-18" @default.
- W4246505220 title "A new continuous-time search model" @default.
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- W4246505220 doi "https://doi.org/10.1017/s0021900200042686" @default.
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