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Uncertainty and Modeling Issues

  • John R. BirgeEmail author
  • François Louveaux
Chapter
Part of the Springer Series in Operations Research and Financial Engineering book series (ORFE)

Abstract

In the previous chapter, we gave several examples of stochastic programming models. These formulations fit into different categories of stochastic programs in terms of the characteristics of the model. This chapter presents those basic characteristics by describing the fundamentals of any modeling effort and some of the standard forms detailed in later chapters.

Keywords

Risk Aversion Stochastic Program Selling Price Probabilistic Constraint Downside Risk 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2011

Authors and Affiliations

  1. 1.Booth School of BusinessUniversity of ChicagoChicagoUSA
  2. 2.Department of Business AdministrationUniversity of NamurNamurBelgium

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