Abstract
This paper explains how minimax solutions to the "wait and see" stochastic program can be used to aid planning in conditions of uncertainty. The computational problem of obtaining minimax solutions is compared with approaches aimed at determining the distribution of the objective function of the model, an alternative method of analysis.
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Dyson, R. Minimax Solutions to Stochastic Programs — An Aid to Planning Under Uncertainty. J Oper Res Soc 29, 691–696 (1978). https://doi.org/10.1057/jors.1978.146
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DOI: https://doi.org/10.1057/jors.1978.146