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A note on gittins indices for pharmaceutical research
Published online by Cambridge University Press: 01 July 2016
Abstract
The Bernoulli/exponential target process is considered. Such processes have been found useful in modelling the search for active compounds in pharmaceutical research. An inequality is presented which improves a result of Gittins (1989), thus providing a better approximation to the Gittins indices which define the optimal search policy.
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- Letters to the Editor
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- Copyright © Applied Probability Trust 1991