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Item Details
| Title:
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MULTISTAGE STOCHASTIC OPTIMIZATION
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| By: |
Georg Ch. Pflug, Alois Pichler |
| Format: |
Hardback |
| List price:
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£109.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
3319088424 |
| ISBN 13: |
9783319088426 |
| Publisher: |
SPRINGER INTERNATIONAL PUBLISHING AG |
| Pub. date: |
1 November, 2014 |
| Edition: |
2014 ed. |
| Series: |
Springer Series in Operations Research and Financial Engineering |
| Pages: |
301 |
| Description: |
Multistage Stochastic Optimization |
| Synopsis: |
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. |
| Illustrations: |
81 Illustrations, black and white; XIV, 301 p. 81 illus. |
| Publication: |
Switzerland |
| Imprint: |
Springer International Publishing AG |
| Returns: |
Non-returnable |
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