The restructuring of a bankrupt company often entails the sale of such company. This paper suggests a way to sell the company that maximizes the creditors' proceeds. The key to this proposal is the option left to the creditors to retain a fraction of the shares of the company. Indeed, by...

We optimize the design of a frequency reward program against traditional pricing in a competitive duopoly, where customers measure their utilities in rational economic terms. We assume two kinds of customers: myopic and strategic (Yilmaz et al. (2016)). Every customer has a prior loyalty bias...

The second part of the thesis focuses on a different stochastic problem of finding the optimal hedging points in a manufacturing flow control system. Our simulation-based method allows solving large scale systems that are considered very difficult to solve by current standards in the literature.