We propose a new approach to prioritize activities in a resource constrained environment, where the resource budget may change across time. This problem arises frequently in project finance budgeting, and also in spatial conservation planning, where greedy techniques are often used to develop a...

To successfully implement an omnichannel fulfillment strategy, it is important to protect offline customers from stock-outs due to over-fulfillment of online customers. A natural question is when to fulfill online orders by using in-store inventory. In practice, retailers usually implement a...

One of the most important factors to control for the achievements of investment portfolio returns is risk. If we only think that a 100% positive return is needed to recover a portfolio loss of 50%, we can understand why. With the advent of the exponential growth of technology usage in markets,...

Pricing problems consist in determining the optimal prices to charge some services taking into account the reaction of customers to prices, as they could modify their purchases to avoid costs. Here we consider a pricing problem in the financial industry, namely, between the broker and the...

In this note we formulate an optimality problem for Stochastic process with a regime absorbing state. We present a solution for this problem as a pair of differential equations that are recusrsively linked. As an application I obtain an analytical for the Merton portfolio problem in a case for a...

Companies frequently offer wholesale prices for their products that decrease with the number of purchased items. However, single buyers may not be willing or able to purchase large quantities of a single item. Nevertheless, consumers can form groups to purchase at wholesale prices, obtaining...