The valuation of the real option to store natural gas is a practically important problem that entails dynamic optimization of inventory trading decisions with capacity constraints in the face of ...

To improve tractability, we investigate the linear programming-based approach to approximate dynamic programming. This approach can provide both feasible control policies and bounds on the MDPs' ...

Dan Zhang, Daniel Adelman, An Approximate Dynamic Programming Approach to Network Revenue Management with Customer Choice, Transportation Science, Vol. 43, No. 3 (August 2009), pp. 381-394 ...

We introduce a new model of school choice with reserves in which a social planner is constrained by a limited supply of reserve seats and tries to find an optimal matching according to a social ...