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Barycentric Approximation

  • Karl Frauendorfer
Chapter
  • 71 Downloads
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 392)

Abstract

In chapter I we applied the concept of normal integrands that helped to ensure stochastic two-stage problems to be well-defined. With respect to these problems, we further outlined how to raise the saddle property for the integrand and how to model stochastic independence of random data. In this chapter we shall present a barycentric approximation technique that exploits these features (saddle property, stochastic independence) and assists in solving stochastic two-stage problems approximately.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1992

Authors and Affiliations

  • Karl Frauendorfer
    • 1
  1. 1.Institute for Operations ResearchUniversity of ZurichZurichSwitzerland

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