An Optimal k-Stopping Problem for the Poisson Process

Wolfgang Stadje
Additional contact information
Wolfgang Stadje: Universität Osnabrück, Fachbereich Mathematik/Informatik

A chapter in Mathematical Statistics and Probability Theory, 1987, pp 231-244 from Springer

Abstract: Abstract Offers for k commodities of the same kind arrive according to a Poisson process. It is assumed that these offers are i.i.d. random variables discounted by some deterministic function of time. Generalizing the well-known case k=1 an optimal strategy for the seller is found. His optimal k-stopping rule is studied in detail and explicitly computed in some examples.

Date: 1987
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-94-009-3965-3_21

Ordering information: This item can be ordered from
http://www.springer.com/9789400939653

DOI: 10.1007/978-94-009-3965-3_21

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().