Stochastic programming: Difference between revisions

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* [[Benders decomposition]]
 
== Two-stage problemsproblem definition==
The basic idea of two-stage stochastic programming is that (optimal) decisions should be based on data available at the time the decisions are made and cannot depend on future observations. The two-stage formulation is widely used in stochastic programming. The general formulation of a two-stage stochastic programming problem is given by:
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