Abstract
Information structure is introduced as a decision variable in two-stage stochastic programming. To this end the notion of sensors is employed. The outcome resembles a three-stage stochastic program, and hence can be analyzed with standard tools. This is demonstrated by establishing a strong law of large numbers for the two-stage problem with the information variable.
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© 1994 Springer-Verlag Berlin Heidelberg
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Artstein, Z. (1994). Probing for Information in Two-Stage Stochastic Programming and the Associated Consistency. In: Mandl, P., Hušková, M. (eds) Asymptotic Statistics. Contributions to Statistics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57984-4_2
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DOI: https://doi.org/10.1007/978-3-642-57984-4_2
Publisher Name: Physica, Heidelberg
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Online ISBN: 978-3-642-57984-4
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