An optimal sequential procedure for a multiple selling problem with independent observations

We consider a sequential problem of selling K identical assets over the finite time horizon with a fixed number of offers per time period and no recall of past offers. The objective is to find an optimal sequential procedure which maximizes the total expected revenue. In this paper, we derive an effective number of stoppings for an optimal sequential procedure for the selling problem with independent observations.

► We consider a novel sequential problem of selling several identical assets with a fixed number of offers per time period.
► We derive an effective number of stoppings for an optimal sequential procedure for the selling problem.
► We find an optimal sequential procedure for the selling problem.
► We present examples illustrating the usefulness of the optimal procedure.