Decision Rules for Reacting to Noisy Signals from a Warning System

Decision Rules for Reacting to Noisy Signals from a Warning System

Author: T. Y. Hans Tjian

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ISBN: UCAL:C2974733

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Page: 164

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Using the minimization of total expected discounted cost as the criterion for optimality, this study investigated via dynamic programming, a class of stochastic sequential decision problems known as warning problems. Specifically, the study investigates two types of warning systems (Type I and Type II) with single and multiple signals. The dynamic programming models of Type I for single and multiple signals yielded a critical waiting time rule (CWT) as well as a critical probability value (CPV) rule as an optimal decision rule. However, for Type II, with two signals, the optimal rule is a CPV rule, but the corresponding waiting time rule, in general, is shown a CWT rule. (Author).
Decision Rules for Reacting to Noisy Signals from a Warning System
Language: en
Pages: 164
Authors: T. Y. Hans Tjian
Categories:
Type: BOOK - Published: 1970 - Publisher:

Using the minimization of total expected discounted cost as the criterion for optimality, this study investigated via dynamic programming, a class of stochastic sequential decision problems known as warning problems. Specifically, the study investigates two types of warning systems (Type I and Type II) with single and multiple signals. The
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