A Sequential Selection Problem*
Clarence C. Y. Kwan, Yufei Yuan · Decision Sciences · 1988
ABSTRACT In this study we formulate a sequential selection problem. In a setting where a choice sequence among candidates is established for filling a job position, the analysis explicitly takes into account the benefits from the hiring, the risk of rejection of the job offer, and the costs due to delays in filling the position. The proposed solution, which is both intuitive and simple, is able to capture analytically the decision process. We also illustrate the versatility of the analysis by considering several other relevant sequential selection settings.