The true state of the system described here is characterized by a probability vector. At each stage of the system an action must be chosen from a finite set of actions. Each possible action yields an expected reward, transforms the system to a new state in accordance with a Markov transition matrix, and yields an observable outcome. The problem of…

This text provides educational administrators with a working knowledge of the problem-solving techniques of PERT (planning, evaluation, and review technique), Linear Programming, Queueing Theory, and Simulation. The text includes an introduction to decision-making and operations research, four chapters consisting of indepth explanations of each…