Dynamic Stochastic Optimization (Lecture Notes in Economics and Mathematical Systems)
Contributors: Kurt Marti (Editor); Yuri Ermoliev (Editor); Georg Pflug (Editor)
Edition: 1 edition
Publisher: Springer
Published: January 12, 2004
Language: eng
Format: Paperback
Number of pages: 336
ISBN-13: 9783540405061
Subjects: Cybernetics & systems theory; Stochastic processes; Mathematics; Linear Programming; Science; Science/Mathematics; Operations Research; System Theory; Business & Economics / Operations Research; Dynamic Stochastic Optimization; Economic Design under Stochastic Uncertainty; Multistage Stochastic Programming; Optimal Control Problems with Random Parameters; Stochastic Decision Processes; Congresses; Mathematical Analysis; Probability & Statistics - General; Mathematical optimization
First sentence: When solving a dynamic decision problem under uncertainty it is essential to choose or to build a suitable model taking into account the nature of the real-life problem, the character and availability of the input data, etc.