Statistical Decision Models for Brokering
Jerome Bracken and
Richard M. Soland
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Jerome Bracken: Institute for Defense Analysis
Richard M. Soland: Research Analysis Corporation
Management Science, 1969, vol. 15, issue 11, 619-625
Abstract:
Statistical decision models are formulated for a decision situation involving a decision maker who is a broker, a person engaged in bringing together sellers and buyers to make transactions. The objective of the analysis is the determination of a plan in accordance with the broker's subjective estimates which can serve as a guide for optimally allocating his energies.
Date: 1969
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:15:y:1969:i:11:p:619-625
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