On the Optimality of a Threshold Policy for a Multi-attribute Stopping Problem with General Value Functions
Jonathan Cole Smith, Churlzu Lim, J. Neil Bearden · 2005
We examine a sequential selection problem in which a single option must be selected. Each option’s value is a function of its attributes, whose precise values can only be ascertained at a given cost. We prove the optimality of a threshold stopping rule for a general class of objective functions.