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Interview Costs in the Secretary Problem
Author(s) -
Yeo Geoffrey F.
Publication year - 1998
Publication title -
australian and new zealand journal of statistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.434
H-Index - 41
eISSN - 1467-842X
pISSN - 1369-1473
DOI - 10.1111/1467-842x.00024
Subject(s) - secretary problem , selection (genetic algorithm) , limiting , probabilistic logic , mathematics , order (exchange) , operations research , mathematical optimization , mathematical economics , management science , actuarial science , statistics , computer science , artificial intelligence , optimal stopping , economics , finance , engineering , mechanical engineering
The effect of interview costs on the optimal selection strategy and on the chance of success in secretary problems with order k selection rules, both for a finite number of applicants and in the limiting case, is examined. Probabilistic reasoning is used and numerical examples given.