The optimal frequency of information purchases

Itzhak Venezia

doi:10.1016/0377-2217(80)90020-X

The optimal frequency of information purchases

Itzhak Venezia^*

^*Corresponding author for this work

BA Business Department

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	118-123
Number of pages	6
Journal	European Journal of Operational Research
Volume	4
Issue number	2
DOIs	https://doi.org/10.1016/0377-2217(80)90020-X
State	Published - Feb 1980

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10.1016/0377-2217(80)90020-X

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title = "The optimal frequency of information purchases",

abstract = "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.",

author = "Itzhak Venezia",

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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.

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The optimal frequency of information purchases

Abstract

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