Stochastic Programming Models: Wait-and-See Versus Here-and-Now
We introduce a number of stochastic programming models via examples and then proceed to derive one of the fundamental theorems in the field that brings to the fore the constrast between wait-and-see and here-and-now formulations.
Key wordsStochastic programming wait-and-see here-and-now measurable mappings nonanticipativity
AMS(MOS) subject classifications90C15
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