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» The knowledge-gradient stopping rule for ranking and selecti...
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WSC
2008
15 years 3 months ago
The knowledge-gradient stopping rule for ranking and selection
We consider the ranking and selection of normal means in a fully sequential Bayesian context. By considering the sampling and stopping problems jointly rather than separately, we ...
Peter Frazier, Warren B. Powell
112
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IOR
2011
107views more  IOR 2011»
14 years 7 months ago
Information Collection on a Graph
We derive a knowledge gradient policy for an optimal learning problem on a graph, in which we use sequential measurements to refine Bayesian estimates of individual edge values i...
Ilya O. Ryzhov, Warren B. Powell