relation: http://eprints.imtlucca.it/1726/
title: Suboptimal Solutions to Team Optimization Problems with Stochastic Information Structure
creator: Gnecco, Giorgio
creator: Sanguineti, Marcello
creator: Gaggero, Mauro
subject: QA75 Electronic computers. Computer science
description: Existence, uniqueness, and approximations of smooth solutions to team optimization problems with stochastic information structure are investigated. Suboptimal strategies made up of linear combinations of basis functions containing adjustable parameters are considered. Estimates of their accuracies are derived by combining properties of the unknown optimal strategies with tools from nonlinear approximation theory. The estimates are obtained for basis functions corresponding to sinusoids with variable frequencies and phases, Gaussians with variable centers and widths, and sigmoidal ridge functions. The theoretical results are applied to a problem of optimal production in a multidivisional firm, for which numerical simulations are presented.
publisher: Society for Industrial and Applied Mathematics
date: 2012
type: Article
type: PeerReviewed
identifier:   Gnecco, Giorgio and Sanguineti, Marcello and Gaggero, Mauro  Suboptimal Solutions to Team Optimization Problems with Stochastic Information Structure.  SIAM Journal on Optimization, 22 (1).  pp. 212-243.  ISSN 1052-6234      (2012)  
relation: http://epubs.siam.org/doi/abs/10.1137/100803481
relation: 10.1137/100803481