Multistage Stochastic Optimization

Name: Multistage Stochastic Optimization
Brand: Springer International Publishing AG
SKU: 9783319088426
Price: 23650 KES
Availability: OutOfStock
ISBN: 9783319088426

2014 ed.

by Alois Pichler , Georg Ch. Pflug

Book Details

Format Hardback

Book Series Springer Series in Operations Research and Financial Engineering

ISBN-10 3319088424

ISBN-13 9783319088426

Edition 2014 ed.

Publisher Springer International Publishing AG

Imprint Springer International Publishing AG

Country of Manufacture CH

Country of Publication GB

Publication Date Nov 27th, 2014

Print length 301 Pages

Product Classification: Operational research Optimization

KSh 23,650.00

Currently unavailable 0 in stock

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Multistage stochastic optimization problems appear in many ways in finance, insurance, energy production and trading, logistics and transportation, among other areas.

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.

Get Multistage Stochastic Optimization by Alois Pichler, Georg Ch. Pflug at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Springer International Publishing AG and it has 301 pages.