Books in the OEkonometrie und Unternehmensforschung Econometrics and Operations Research series

These models must not be too general, for in that case not only would their theoretical study prove difficult, but above all the adaptation of such models to an observed system would lead to an estimation of a great number of parameters on the basis of a necessarily restricted sample.

Max-Min problems are two-step allocation problems in which one side must make his move knowing that the other side will then learn what the move is and optimally counter.