Modeling with Stochastic Programming (Springer Series in Operations Research and Financial Engineering) - Softcover

King, Alan J. J.; Wallace, Stein W.

Softcover

ISBN 10: 148999212X ISBN 13: 9781489992123

Publisher: Springer, 2014

Synopsis

This book bridges theory and application of stochastic programming in operations research. It describes various methods of formulating stochastic optimization problems, and illustrates their advantages and disadvantages with examples and case studies.

About this title

From the Back Cover:

While there are several texts on how to solve and analyze stochastic programs, this is the first text to address basic questions about how to model uncertainty, and how to reformulate a deterministic model so that it can be analyzed in a stochastic setting. This text would be suitable as a  stand-alone or supplement for a second course in OR/MS or in optimization-oriented engineering disciplines where the instructor wants to explain where models come from and what the fundamental issues are.

The book is easy-to-read,  highly illustrated with lots of examples and discussions. It will be suitable for graduate students and researchers working in operations research, mathematics, engineering and related departments where there is interest in learning how to model uncertainty.  

Alan King is a Research Staff Member at IBM's Thomas J. Watson Research Center in New York.
Stein W. Wallace is a Professor of Operational Research at Lancaster University Management School in England.

 

Review:

From the reviews:

“It is the first book that systematically tries to answer the questions about modeling under uncertainty ... . The book is written in a very readable style ... . An experienced researcher who is already familiar with optimization under uncertainty will benefit from reading this book ... .” (Laura Galli, Interfaces, Vol. 43 (5), September-October, 2013)

“The book is intended as a textbook for graduate students and researchers interested in decision making under uncertainty. It is expected that the book will also be suitable for teaching some operations research courses for undergraduates. ... this textbook can indeed be very useful for mathematics students as a methodological guide to the applications of stochastic programming methods. The structure of the textbook is well adapted to teaching purposes.” (A. H. Žilinskas, Mathematical Reviews, January, 2013)

About this edition

• Publisher: Springer
• Publication date: 2014
• ISBN 10: 148999212X
• ISBN 13: 9781489992123
• Binding: Paperback
• Number of pages: 192