Designing Approximation Schemes for Stochastic Optimization Problems, in Particular for Stochastic Programs with Recourse

Authors:   Birge JR, Wets RJ-B

Publication Year:   1983

Reference:  IIASA Working Paper WP-83-111

Abstract

Various approximation schemes for stochastic optimization problems involving either approximates of the probability measures and/or approximates of the objective functional, are investigated. We discuss their potential implementation as part of general procedures for solving stochastic programs with recourse.

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