Multi-Armed Bandit Allocation Indices

Multi-Armed Bandit Allocation Indices

by J. C. Gittins

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Overview

Multi-Armed Bandit Allocation Indices by J. C. Gittins

Statisticians are familiar with bandit problems, operations researchers with scheduling programs, and economists with problems of resource allocation. For most of these problems, accurate solutions cannot be obtained unless the problem is small-scale. However, Gittins and Jones showed in 1974 that there is a large class of allocation problems for which the optimal solution is expressible in terms of a priority index that can be calculated. This book is the first definitive account of the theory and applications of this index, which has become known as the Gittens index. Includes 22 previously unpublished tables of index values.

Product Details

ISBN-13: 9780471920595
Publisher: Wiley
Publication date: 04/03/1989
Series: Wiley Interscience Series in Systems and Optimization Series , #1
Pages: 264
Product dimensions: 6.30(w) x 9.45(h) x (d)

Table of Contents

Main Ideas.

Central Theory.

General Properties of the Indices.

Jobs with Continuously-Varying Effort Allocations.

Multi-Population Random Sampling (Theory).

Multi-Population Random Sampling (Calculations).

Search Theory.

In Conclusion.

References.

Tables.

Index.

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