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On Optimal Allocation of a Continuous Resource Using an Iterative Approach and Total Positivity

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  • Jay Bartroff
  • Larry Goldstein
  • Yosef Rinott
  • Ester Samuel-Cahn

Abstract

We study a class of optimal allocation problems, including the well-known Bomber Problem, with the following common probabilistic structure. An aircraft equipped with an amount x of ammunition is intercepted by enemy airplanes arriving according to a homogenous Poisson process over a fixed time duration t. Upon encountering an enemy, the aircraft has the choice of spending any amount 0

Suggested Citation

  • Jay Bartroff & Larry Goldstein & Yosef Rinott & Ester Samuel-Cahn, 2010. "On Optimal Allocation of a Continuous Resource Using an Iterative Approach and Total Positivity," Discussion Paper Series dp530, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
  • Handle: RePEc:huj:dispap:dp530
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    Cited by:

    1. Woonghee Tim Huh & Chandra Kiran Krishnamurthy & Richard Weber, 2011. "Concavity and monotonicity properties in a groundwater management model," Naval Research Logistics (NRL), John Wiley & Sons, vol. 58(7), pages 670-675, October.
    2. Abba M. Krieger & Ester Samuel-Cahn, 2012. "Generalized Bomber and Fighter Problems: Offline optimal allocation of a discrete asset," Discussion Paper Series dp625, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    3. Takashi Kamihigashi, 2017. "41 Counterexamples to property (B) of the discrete time bomber problem," Annals of Operations Research, Springer, vol. 248(1), pages 579-588, January.
    4. Kiran Krishnamurthy, Chandra, 2012. "Optimal Management of Groundwater under Uncertainty: A Unified Approach," CERE Working Papers 2012:19, CERE - the Center for Environmental and Resource Economics, revised 30 Jun 2014.

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