Assignment 1

Author

Affiliation

Aditya Mahajan

McGill University

1. Exercise 1.1 from the notes on stochastic optimization. Write a computer program in any language of your choice to find the optimal policy. You must submit your code along with your solution.

2. Exercise 1.2 from the notes on stochastic optimization. Write a computer program in any language of your choice to find the optimal policy. You must submit your code along with your solution.

3. Exercise 2.3 from the notes on the newsvendor problem. Provide an analytic solution to the problem, similar to the derivation of the analytic solution for the case of continuous demand and actions in the notes.