We present a problem motivated by discussions with Colombian e-commerce platforms for agri-food products. In regular time intervals (periods), the platforms collect groceries from local farmers and stores them at a warehouse to distribute them to local customers. The supply quantities and prices...

We present a novel tool for generating speculative and hedging foreign exchange (FX) trading policies. Our solution provides a schedule that determines trades in each rebalancing period based on future currency prices, net foreign account positions, and incoming (outgoing) flows from business...

We give conditions under which the smoothness properties of the value and policy functions of a dynamic program at discount factor zero extend to small positive discount factors. We apply this to a model of Bayesian learning by a decision maker who does not know which of several parameters is...