Consider-then-choose models, borne out by empirical literature in marketing and psychology, explain that customers choose among alternatives in two phases, by first screening products to decide which ...

Dynamic optimization and optimal control problems form the backbone of numerous applications in engineering, economics and the natural sciences. These methodologies involve determining a time-varying ...

We present a novel method for deriving tight Monte Carlo confidence intervals for solutions of stochastic dynamic programming equations. Taking some approximate solution to the equation as an input, ...