Two Variables: Graphical Solution For cases like the one we have here, where there are just two decision variables, there is a quick and easy solution method. This method involves graphical ...

This paper shows how an operational method for solving dynamic programs can be used, in some cases, to solve the problem of maximizing a firm's market value. The problem is formulated as a Markov ...

Neighbor-dependent substitution models are analytically intractable and must be analyzed using either approximate or simulation-based methods. We describe statistical inference of neighbor-dependent ...