A note on gittins indices for pharmaceutical research
You‐Gan Wang, John C. Gittins · Advances in Applied Probability · 1991
The Bernoulli/exponential target process is considered. Such processes have been found useful in modelling the search for active compounds in pharmaceutical research. An inequality is presented which improves a result of Gittins (1989), thus providing a better approximation to the Gittins indices which define the optimal search policy.