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On the evaluation of suboptimal strategies for families of alternative bandit processes

Published online by Cambridge University Press:  14 July 2016

K. D. Glazebrook
K. D. Glazebrook*
Affiliation:
University of Newcastle upon Tyne
*
∗Postal address: Department of Statistics, The University, Newcastle upon Tyne, NE1 7RU, U.K.
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Abstract

Families of alternative bandit processes have been used as models for problems in a variety of areas. Optimal strategies for these decision processes are determined by dynamic allocation indices. These indices are here shown to play an important role in the evaluation of suboptimal strategies.

Keywords

BANDIT PROBLEMDYNAMIC ALLOCATION INDEXGITTINS INDEXMARKOV DECISION PROCESSSUBOPTIMAL STRATEGIES
Type
Short Communications
Information
Journal of Applied Probability , Volume 19 , Issue 3 , September 1982 , pp. 716 - 722
Copyright
Copyright © Applied Probability Trust 1982 

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