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Fixed-Dimensional Stochastic Dynamic Programs: An Approximation Scheme and an Inventory Application
We study fixed-dimensional stochastic dynamic programs in a discrete setting over a finite horizon. Under the primary assumption that the cost-to-go functions are discrete L♮-convex, we propose a pseudo-polynomial time ...
Optimal Software Reuse in Incremental Software Development: A Transfer Pricing Approach
This study develops optimal transfer pricing schemes that manage software reuse in incremental software development, namely, a development regime wherein users begin utilizing parts of the system that are released to them ...
Shaping the Values of a Milk Cooperative: Theoretical and Practical Considerations
(Wiley-Blackwell, 2019-05-22)
Dairy cooperatives bestow upon farmers the virtues of controlling a large supply quantity of a relatively scarce product, that is, milk (e.g., higher bargaining power, fixed cost sharing, etc.). However, the cooperative ...