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Applied MathematicsOption PricingLinear ProgrammingMathematical ProgrammingMaximum Likelihood EstimationRandom VariablesCategorical DataTotal Expected CostPerformance MeasuresOptimal PolicyMarkov Decision AlgorithmBarrier OptionsNormal Distribution AssumptionUniformization TechniqueVariance ReductionOption Pricing and HedgingGlobal Optimality ConditionsMarkov ChainSimplex MethodInventory Model