Brownian networks are a class of linear stochastic control systems that arise as heavy traffic approximations in queueing theory. Such Brownian system models have been used to approximate problems of dynamic routing, dynamic sequencing and dynamic input control for queueing networks. A number of...

Motivated by applications in financial services, we consider a seller who offers prices sequentially to a stream of potential customers, observing either success or failure in each sales attempt. The parameters of the underlying demand model are initially unknown, so each price decision involves...

We consider a firm that can use one of several costly learning modes to dynamically reduce uncertainty about the unknown value of a project. Each learning mode incurs cost at a particular rate and provides information of a particular quality. In addition to dynamic decisions about its learning...

Consider a firm that markets multiple products, each manufactured using several resources representing various types of capital and labor, and a linear production technology. The firm faces uncertain product demand and has the option to dynamically readjust its resource investment levels,...

Brownian networks are a class of linear stochastic control systems that arise as heavy traffic approximations in queuing theory. Such Brownian system models have been used to approximate problems of dynamic routing, dynamic sequencing and dynamic input control for queuing networks. A number of...

Motivated by applications in financial services, we consider a seller who offers prices sequentially to a stream of potential customers, observing either success or failure in each sales attempt. The parameters of the underlying demand model are initially unknown, so each price decision involves...

Generalizing earlier work on staffing and routing in telephone call centers, we consider a processing network model with large server pools and doubly stochastic input flows. In this model the processing of a job may involve several distinct operations. Alternative processing modes are also...