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Recent Results in Stochastic Programming - Proceedings, Oberwolfach, January 28 - February 3, 1979 (Paperback, 1980 ed.)
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Recent Results in Stochastic Programming - Proceedings, Oberwolfach, January 28 - February 3, 1979 (Paperback, 1980 ed.)
Series: Lecture Notes in Economics and Mathematical Systems, 179
Expected to ship within 10 - 15 working days
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This vo1ume contains most of the papers (two of the~ as extended
abstracts) presented at a meeting on stochastic programming, held
at Oberwolfach, January 28 - February 3, 1979. A1though the number
of participants had to be small for technical rea- sons, the area
covered by the 1ectures during the meeting was rather broad. lt
contains fundamental theoretical problems - e.g. continuity in
parametric programming, optima1ity conditions and decision rules
for stochastic programming problems and convexity statements also
nee- ded for chance constrained problems - as well as very
important prac- tical problems, as computational methods for
various models and appli- cations to water storage problems,
dynamic inventory control, asphalt mixing, portfolio selection, and
so on. Without any doubt there are still many theoretical and
computational problems of this field unso1ved, and some of them can
be discovered in this volume. On the other hand, the papers
presented here also show, that during the last two decades
knowledge - theoretical and computa- tional - on stochastic
programming, and practical experience with it, have been developped
so far, that neglecting apriori the stochastic nature of parameters
for almost every price - very often done in mo- delling a practical
decision situation as deterministic optimization problem - can no
longer be justified.
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