This paper applies computational techniques of convex stochastic optimization to optimal operation and valuation of electricity storage systems in the face of uncertain electricity prices. Our valuations are based on the indifference pricing principle, which builds on optimal trading strategies...

The retail industry is governed by crucial decisions on inventory management, discount offers like promotions and stock clearing as so-called markdowns, presenting two sets of optimization problems. The former is an estimation problem, where the underlying objective is to predict the...