The Stochastic Employment Problem(SEP) is a variation of the Stochastic Assignment Problem which analyzes the scenario that one assigns balls into boxes. Balls arrive sequentially with each one having a binary vector X = (X[subscript 1], X[subscript 2],...,X[subscript n]) attached, with the interpretation being that if X[subscript i] = 1 the ball…

Outlines the facts being presented in the literature about mathematical models, their related components, and their practical and theoretical uses. (Author)

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…

"Pure" academic research rules on data collection do not apply directly to operations research (OR). OR data collection should be viewed in terms of objective, cost, and effectiveness. For the model formulation objective, proper data strategies emphasize multiple views of the operating system to identify the "relatednesses" to be depicted. For the…