A Simple Allocation Problem

Cyrus Derman
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Cyrus Derman: Columbia University

Management Science, 1959, vol. 5, issue 4, 453-459

Abstract: The problem studied is that of how to allocate a fixed amount of some resource among various activities where, after a period of time, unused portions of the resource lose their value. Demand for the resource at each station is considered to be random. The problem is a special case of one usually referred to as the distribution of the effort. The question of determining the optimal amount of resource is also discussed.

Date: 1959
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