Lecture

Optimal Selling Strategy

In course

Ut excepteur est dolor et duis. Non excepteur officia quis magna do consectetur. Magna cillum labore dolor aute laborum dolor adipisicing. Veniam exercitation aliquip veniam amet est dolor enim nisi. Ipsum et veniam reprehenderit commodo deserunt et. Proident ut enim exercitation esse est deserunt ut ad tempor. Reprehenderit ex reprehenderit eu adipisicing enim do eiusmod.

Description

This lecture discusses the optimal selling strategy in a scenario where offers are received independently each day for a house sale. The objective is to maximize the expected selling price minus maintenance costs. The instructor explains how to determine the strategy using dynamic programming and justifies its independence of time. The lecture also covers the concept of Markov chains and the convergence rate in dynamic programming.

Official source

https://mediaspace.epfl.ch/media/0_xzthdzpw

About this result

This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.

Ontological neighbourhood

Statistics

Statistical inference: Mathematical statistics

Related lectures (47)

Graph Chatbot

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.