03641nam 22007095 450 991029997010332120200701060642.03-319-08843-210.1007/978-3-319-08843-3(CKB)3710000000281182(EBL)1967816(OCoLC)895254796(SSID)ssj0001386631(PQKBManifestationID)11809749(PQKBTitleCode)TC0001386631(PQKBWorkID)11374399(PQKB)11081480(MiAaPQ)EBC1967816(DE-He213)978-3-319-08843-3(PPN)183096479(EXLCZ)99371000000028118220141112d2014 u| 0engur|n|---|||||txtccrMultistage Stochastic Optimization /by Georg Ch. Pflug, Alois Pichler1st ed. 2014.Cham :Springer International Publishing :Imprint: Springer,2014.1 online resource (309 p.)Springer Series in Operations Research and Financial Engineering,1431-8598Description based upon print version of record.3-319-08842-4 Includes bibliographical references and index.Introduction -- The Nested Distance -- Risk and Utility Functionals -- From Data to Models -- Time Consistency -- Approximations and Bounds -- The Problem of Ambiguity in Stochastic Optimization -- Examples.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.Springer Series in Operations Research and Financial Engineering,1431-8598Operations researchDecision makingManagement scienceMathematical optimizationOperations Research/Decision Theoryhttps://scigraph.springernature.com/ontologies/product-market-codes/521000Operations Research, Management Sciencehttps://scigraph.springernature.com/ontologies/product-market-codes/M26024Optimizationhttps://scigraph.springernature.com/ontologies/product-market-codes/M26008Operations research.Decision making.Management science.Mathematical optimization.Operations Research/Decision Theory.Operations Research, Management Science.Optimization.519.2Pflug Georg Chauthttp://id.loc.gov/vocabulary/relators/aut721262Pichler Aloisauthttp://id.loc.gov/vocabulary/relators/autMiAaPQMiAaPQMiAaPQBOOK9910299970103321Multistage Stochastic Optimization2512148UNINA