We combine a dynamic programming approach (stochastic optimal control) with a multi-stage stochastic programming approach (MSP) in order to solve various problems in personal finance and pensions. Stochastic optimal control produces an optimal policy that is easy to understand and implement....

We consider a car-sharing problem in a company during business hours. The employees, located at one or several offices, have to travel to one or more appointments each with a fixed location and fixed start and end times and return to one of the offices afterwards. Each employee trip can be...