We consider the problem of optimally allocating the seats on a single flight leg to the demands from multiple fare classes that arrive sequentially. It is well-known that the optimal policy for this problem is characterized by a set of protection levels. In this paper, we develop a new...

This paper studies the impact of changing national supports on agricultural investments, when taking into account disinvestment flexibility, focusing on a case study in Finnish agriculture. Numerical examples suggest that the reduction and decoupling of national support will cause a significant...

Website morphing draws on the Expected Gittins’ solution to a partially observable Markov process, on the rapid consumer-segment updating with Bayesian methods, and on matching a website’s look and feel to a visitor’s cognitive style. In each area there are exciting research...