Solved: Power of two policies for a single product model, Finance Basics

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Power of two policies for a single product model

Question:

Consider the power of two policies for a single product model. Describe how you could generate a power of three policy (a policy where each Ti = 3kTB for some integer k > 0). What is the effectiveness (in terms of worst-case performance) of the best power of three policy?

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Finance Basics: Power of two policies for a single product model

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Finance Basics: Power of two policies for a single product model

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