Notes--Note on "Markovian Decision Models for Reject Allowance Problems"

Prakash G. Awate
Additional contact information
Prakash G. Awate: Cornell University

Management Science, 1972, vol. 18, issue 5-Part-1, 339-343

Abstract: This note makes two contributions to M. Klein's formulation of the multiperiod reject allowance problem. First, a decomposition algorithm involving both linear and dynamic programming is proposed, and its computational savings over the straight simplex method are demonstrated. Second, in Klein's formulation where termination of production is allowed before reaching the set of terminal states, a lacuna is corrected by means of an enlargement of the state space.

Date: 1972
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.18.5.339 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:18:y:1972:i:5-part-1:p:339-343

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().