TY - JOUR
T1 - The optimal frequency of information purchases
AU - Venezia, Itzhak
PY - 1980/2
Y1 - 1980/2
N2 - This paper considers the problem of determining the optimal intervals between consecutive purchases of perfect information. It is shown that these intervals, which determine the frequency of information purchases, can be obtained by solving a dynamic programming problem, and a method for solving the problem is suggested. An example is provided, showing a possible application of our model to the determination of the optimal intervals between two consecutive market researches.
AB - This paper considers the problem of determining the optimal intervals between consecutive purchases of perfect information. It is shown that these intervals, which determine the frequency of information purchases, can be obtained by solving a dynamic programming problem, and a method for solving the problem is suggested. An example is provided, showing a possible application of our model to the determination of the optimal intervals between two consecutive market researches.
UR - http://www.scopus.com/inward/record.url?scp=49149143280&partnerID=8YFLogxK
U2 - 10.1016/0377-2217(80)90020-X
DO - 10.1016/0377-2217(80)90020-X
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AN - SCOPUS:49149143280
SN - 0377-2217
VL - 4
SP - 118
EP - 123
JO - European Journal of Operational Research
JF - European Journal of Operational Research
IS - 2
ER -