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Multi-Armed Bandit Allocation Indices (Wiley Interscience Series in Systems and Optimization)

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Multi-Armed Bandit Allocation Indices (Wiley Interscience Series in Systems and Optimization) image
ISBN-10:

0471920592

ISBN-13:

9780471920595

Author(s): Gittins, J. C.
Edition: 1
Released: Apr 03, 1989
Publisher: wiley
Format: Hardcover, 264 pages
Related ISBN: 9780470670026
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Description:

Statisticians are familiar with bandit problems, operations researchers with scheduling programs, and economists with problems of resource allocation. For most of these problems, accurate solutions cannot be obtained unless the problem is small-scale. However, Gittins and Jones showed in 1974 that there is a large class of allocation problems for which the optimal solution is expressible in terms of a priority index that can be calculated. This book is the first definitive account of the theory and applications of this index, which has become known as the Gittens index. Includes 22 previously unpublished tables of index values.

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