Uncertain Resources and Optimal Designs : Problems and Perspectives

Abstract

ABSTRACT:

Considered is an experimental situation where an experimenter has a certain amount of guaranteed fund at the current period and a 100% chance of an enhanced fund to be made available at a later date. The objective is to decide on an optimal planned experiment. Ideally, the experimenter should start with an optimal experiment and extend it in an optimal fashion as and when the additional fund is made available. This, however, may not lead to an optimal strategy in the long run.

We speciaiize to the set‐up of a block design and discuss variovs aspects of this prablcm, after properly formulating the same in proper perspectives. Severa 1 illustrative examples are presented to highlight the compiexities involved.