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A time-dependent stopping problem with application to live organ transplantation

Published online by Cambridge University Press:  01 July 2016

Israel David  and
Uri Yechiali
Israel David
Affiliation:
Tel-Aviv University
Uri Yechiali
Affiliation:
Tel-Aviv University
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Extract

Offers become available from time to time. The offers constitute a sequence of i.i.d. positive random variables. Upon arrival of an offer a decision is taken whether to accept it or not. When an offer is accepted the process terminates. Otherwise, the offer is lost and the process continues until the next arrival or until a moment where it terminates by itself. The probability of self-termination depends on the age of the underlying process.

Type
Applied Probability in Biology and Engineering. An ORSA/TIMS Special Interest Meeting
Information
Advances in Applied Probability , Volume 16 , Issue 1 , March 1984 , pp. 25
Copyright
Copyright © Applied Probability Trust 1984 

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