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2019 | 14 | 75-92
Article title

Optimal Selection From a Set of Offers Using a Short List

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
The rise of the Internet has led to a huge amount of information being available at the touch of a button. This article presents a model of searching for a valuable good, e.g. a new flat, using the Internet to gain initial information about the offers available. This information is used to create a short list of offers to be observed more closely before making a final decision. Although there has been a lot of recent work on the use of short lists in decision making procedures, there has been very little work on how the length of a short list should depend on the parameters of the search problem. This article addresses this problem and gives results on the optimal length of a short list when a searcher is to choose one of n offers and the search costs are convex in the length of the short list. Several examples are considered.
Year
Volume
14
Pages
75-92
Physical description
Contributors
  • Wrocław University of Science and Technology. Faculty of Computer Science and Management. Wrocław, Poland
References
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Document Type
Publication order reference
Identifiers
ISSN
2084-1531
YADDA identifier
bwmeta1.element.cejsh-a1bdba14-f9e9-49d6-9cc6-d0cf3bb810f3
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