The surprising benefits of a parallel universe
Suppose that the successful completion of a project requires performing n tasks, each of which has a probability of success p. The paper establishes under what conditions it may be profitable to engage in parallel multi-tasking, i.e. tackling each task by following two independent routes. It is found that for ∀n>1 parallel multi-tasking is profitable for a wide range of parameters when costs are linear and is always profitable for convex costs. Copyright Â© 2008 John Wiley & Sons, Ltd.
Volume (Year): 30 (2009)
Issue (Month): 2 ()
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