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Note—Blau's Dilemma Revisited

Publication ,  Journal Article
Nau, RF
Published in: Management Science
October 1987
Published version (DOI) Publisher Link

The issue of equivalence between chance-constrained programming problems (CCPP's) and Bayesian utility-maximization problems (BUMP's), and the anomalous evaluation of information in CCPP's, are re-examined in light of a recent paper by Jagannathan and the ensuing exchange between Jagannathan and LaValle. Difficulties in “explaining” value of information within the framework of chance-constrained programming are illustrated in a numerical example due to Jagannathan.

Duke Scholars

Robert F. Nau
Author Robert F. Nau Fuqua School of Business

Published In

Management Science

DOI

10.1287/mnsc.33.10.1232

EISSN

1526-5501

ISSN

0025-1909

Publication Date

October 1987

Volume

33

Issue

10

Start / End Page

1232 / 1237

Publisher

Institute for Operations Research and the Management Sciences (INFORMS)

Related Subject Headings

  • Operations Research
  • 46 Information and computing sciences
  • 38 Economics
  • 35 Commerce, management, tourism and services
  • 15 Commerce, Management, Tourism and Services
  • 08 Information and Computing Sciences
 

Citation

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MLA
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Nau, R. F. (1987). Note—Blau's Dilemma Revisited. Management Science, 33(10), 1232–1237. https://doi.org/10.1287/mnsc.33.10.1232
Nau, Robert F. “Note—Blau's Dilemma Revisited.” Management Science 33, no. 10 (October 1987): 1232–37. https://doi.org/10.1287/mnsc.33.10.1232.
Nau RF. Note—Blau's Dilemma Revisited. Management Science. 1987 Oct;33(10):1232–7.
Nau, Robert F. “Note—Blau's Dilemma Revisited.” Management Science, vol. 33, no. 10, Institute for Operations Research and the Management Sciences (INFORMS), Oct. 1987, pp. 1232–37. Crossref, doi:10.1287/mnsc.33.10.1232.
Nau RF. Note—Blau's Dilemma Revisited. Management Science. Institute for Operations Research and the Management Sciences (INFORMS); 1987 Oct;33(10):1232–1237.

Published In

Management Science

DOI

10.1287/mnsc.33.10.1232

EISSN

1526-5501

ISSN

0025-1909

Publication Date

October 1987

Volume

33

Issue

10

Start / End Page

1232 / 1237

Publisher

Institute for Operations Research and the Management Sciences (INFORMS)

Related Subject Headings

  • Operations Research
  • 46 Information and computing sciences
  • 38 Economics
  • 35 Commerce, management, tourism and services
  • 15 Commerce, Management, Tourism and Services
  • 08 Information and Computing Sciences