Multi-attribute sequential decision problem with optimizing and satisficing attributes
Several decision alternatives with multiple attributes are presented sequentially over time. We assume that the multiple attributes can be divided into a major attribute and minor ones. The major attribute must be optimized, while the minor attributes must be satisficed. We propose the optimal strategy that maximizes the probability of selecting the best choice. We consider the continuous-time case as well as the discrete-time case.
sequential decision making secretary problem multi-attribute decision analysis optimal stopping rule