Publications [#319305] of Alessandro Arlotto

Papers Published

1. Arlotto, A; Chick, SE; Gans, N, Optimal hiring and retention policies for heterogeneous workers who learn, Management Science, vol. 60 no. 1 (January, 2014), pp. 110-129, Institute for Operations Research and the Management Sciences (INFORMS) [doi]
   (last updated on 2026/02/08)

   Abstract:
   We study the hiring and retention of heterogeneous workers who learn over time. We show that the problem can be analyzed as an infinite-armed bandit with switching costs, and we apply results from Bergemann and Välimäki [Bergemann D, Välimäki J (2001) Stationary multi-choice bandit problems. J. Econom. Dynam. Control 25(10):1585-1594] to characterize the optimal hiring and retention policy. For problems with Gaussian data, we develop approximations that allow the efficient implementation of the optimal policy and the evaluation of its performance. Our numerical examples demonstrate that the value of active monitoring and screening of employees can be substantial. ©2014 INFORMS.