Optimal Selection Problems. Theory and Applications. Wiley Series in Probability and Statistics

This book will not only be readily welcomed in the academic study of classical optimal selection problems but will also make an impact in areas of modern finance, portfolio management and discrete Mathematics. The initial problem, that of "the classical secretary" dealt with simple and generalised competitive rank problems. However, this and similar problems have developed into greatly extended and complex studies but are without treatment in a unified text. You will be offered a number of new tools and innovative methodologies for solving complex problems, and challenged by the authors identification of further, unresolved problems.