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Proceedings Paper

Research of a continuous time model of the decentralized decision-making
Author(s): Xu Fang
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Paper Abstract

A continuous time model is proposed in this paper, dealing with the decentralized decision-making of multi-products promotion, under the condition of moral hazard. The main result is that when the revenue function and the movement law satisfy certain conditions, the optimal efforts level of the division in continuous time is the same with that in the static case, even though both are distorted compared with the optimal efforts level under complete information.

Paper Details

Date Published: 19 July 2013
PDF: 6 pages
Proc. SPIE 8878, Fifth International Conference on Digital Image Processing (ICDIP 2013), 88781H (19 July 2013); doi: 10.1117/12.2031955
Show Author Affiliations
Xu Fang, Lan Zhou Univ. (China)

Published in SPIE Proceedings Vol. 8878:
Fifth International Conference on Digital Image Processing (ICDIP 2013)
Yulin Wang; Xie Yi, Editor(s)

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