Abstract
Most decision problems involve effects that carry over from one time to another. Sometimes, as in the power expansion problem of Section 1.3, random effects can be confined to a single period so that recourse is block separable. In other cases, however, this separation is not possible. For example, power may be stored by pumping water into the reservoir of a hydroelectric station when demand is low. In this way, decisions in one period are influenced by decisions in previous periods.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2011 Springer Science+Business Media, LLC
About this chapter
Cite this chapter
Birge, J.R., Louveaux, F. (2011). Multistage Approximations. In: Introduction to Stochastic Programming. Springer Series in Operations Research and Financial Engineering. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-0237-4_10
Download citation
DOI: https://doi.org/10.1007/978-1-4614-0237-4_10
Published:
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-0236-7
Online ISBN: 978-1-4614-0237-4
eBook Packages: Mathematics and StatisticsMathematics and Statistics (R0)