A chance-constrained binary program (CCBP) is a general optimization problem over binary decision variables restricted by a chance constraint, which ensures that a constraint with uncertain coefficients can be violated only up to a given probability threshold. Despite its wide applications, the...

Optimal stopping is a fundamental class of stochastic dynamic optimization problems with numerous applications in finance and operations management. We introduce a new approach for solving computationally-demanding stochastic optimal stopping problems with known probability distributions. The...