Displaying similar documents to “Approximate solution of stochastic programming problems with recourse”

Stochastic goal programming wth recourse

Antonio Heras Martínez, Ana García Aguado (1998)

Revista de la Real Academia de Ciencias Exactas Físicas y Naturales

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In this article we discuss several alternative formulations for Stochastic Goal Programming. Only one of these models, which is a particular case of the Stochastic Programs with Recourse, is also compatible with Bayesian Decision Theory. Moreover, it is posible to approximate its solutions by means of an iterative algorithm.