Efficient Learning Algorithms for the Best Capped Base-Stock Policy in Lost Sales Inventory Systems Periodic review, lost sales inventory systems with lead times are notoriously challenging to ...

DURHAM – During the past few years, the world has seen the rise of the gig economy, a labor market that heavily relies on temporary work by independent contractors and freelancers. According to a ...

This paper considers the construction of an upper confidence bound on the range of a set of p (⩾ 2) location parameters following a sequential range test. Although details are given only for the ...

Researchers propose methods that theoretically guarantee minimal loss for worst case scenarios with minimal prior information for heavy-tailed reward distributions The exploration algorithms for ...

Suppose that y1,...,yk are normal random variables with ordered means u1 ≤ u2 ≤ uk. A confidence bound is found for each ui that takes advantage of the ordering. The upper and lower bounds are the ...