Dynamic Stochastic Optimization
. Ed(S): Marti, Kurt; Ermoliev, Yuri; Pflug, Georg
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Description for Dynamic Stochastic Optimization
Paperback. Editor(s): Marti, Kurt; Ermoliev, Yuri; Pflug, Georg. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 344 pages, 31 black & white tables, biography. BIC Classification: GPFC. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 18. Weight in Grams: 489.
Uncertainties and changes are pervasive characteristics of modern systems involving interactions between humans, economics, nature and technology. These systems are often too complex to allow for precise evaluations and, as a result, the lack of proper management (control) may create significant risks. In order to develop robust strategies we need approaches which explic itly deal with uncertainties, risks and changing conditions. One rather general approach is to characterize (explicitly or implicitly) uncertainties by objec tive or subjective probabilities (measures of confidence or belief). This leads us to stochastic optimization problems which can rarely be solved by using the standard deterministic ... Read more
Uncertainties and changes are pervasive characteristics of modern systems involving interactions between humans, economics, nature and technology. These systems are often too complex to allow for precise evaluations and, as a result, the lack of proper management (control) may create significant risks. In order to develop robust strategies we need approaches which explic itly deal with uncertainties, risks and changing conditions. One rather general approach is to characterize (explicitly or implicitly) uncertainties by objec tive or subjective probabilities (measures of confidence or belief). This leads us to stochastic optimization problems which can rarely be solved by using the standard deterministic ... Read more
Product Details
Format
Paperback
Publication date
2003
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
344
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
336
Place of Publication
Berlin, Germany
ISBN
9783540405061
SKU
V9783540405061
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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