Multistage Stochastic Optimization is popular PDF and ePub book, written by Georg Ch. Pflug in 2014-11-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Multistage Stochastic Optimization can be Read Online from any device for your convenience.
Multistage Stochastic Optimization Book PDF Summary
Multistage stochastic optimization problems appear in many ways in finance, insurance, energy production and trading, logistics and transportation, among other areas. They describe decision situations under uncertainty and with a longer planning horizon. This book contains a comprehensive treatment of today’s state of the art in multistage stochastic optimization. It covers the mathematical backgrounds of approximation theory as well as numerous practical algorithms and examples for the generation and handling of scenario trees. A special emphasis is put on estimation and bounding of the modeling error using novel distance concepts, on time consistency and the role of model ambiguity in the decision process. An extensive treatment of examples from electricity production, asset liability management and inventory control concludes the book.
Detail Book of Multistage Stochastic Optimization PDF
- Author : Georg Ch. Pflug
- Release : 12 November 2014
- Publisher : Springer
- ISBN : 9783319088433
- Genre : Business & Economics
- Total Page : 309 pages
- Language : English
- PDF File Size : 15,9 Mb
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