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Asymptotics of the optimum in discrete sequential assignment

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  • Járai, Antal A.

Abstract

We consider the stochastic sequential assignment problem of Derman et al. (1972) corresponding to a discrete distribution supported on a finite set of points. We use large deviation estimates to compute the asymptotics of the optimal policy as the number of tasks N→∞.

Suggested Citation

  • Járai, Antal A., 2022. "Asymptotics of the optimum in discrete sequential assignment," Stochastic Processes and their Applications, Elsevier, vol. 148(C), pages 267-277.
    • Handle: RePEc:eee:spapps:v:148:y:2022:i:c:p:267-277
    DOI: 10.1016/j.spa.2022.02.011
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    References listed on IDEAS

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    1. Cyrus Derman & Gerald J. Lieberman & Sheldon M. Ross, 1972. "A Sequential Stochastic Assignment Problem," Management Science, INFORMS, vol. 18(7), pages 349-355, March.
    2. Chris Albright & Cyrus Derman, 1972. "Asymptotic Optimal Policies for the Stochastic Sequential Assignment Problem," Management Science, INFORMS, vol. 19(1), pages 46-51, September.
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