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Chance Constrained Programming with one Discrete Random Variable in Each Constraint

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Author Info
Emilio Cerdá
Julio Moreno Lorente
Abstract

Stochastic programming problems in which there are linear constraints containing one discrete random variable among either the technical coefficients or the resource (which are all positive), and non-negativity constraints for the variables, are studied. First, the case of just one linear constraint with stochastic resource is presented. Next is the case of just one linear constraint where one of the technical coefficients is a random variable. In both cases, initially the case of two decision variables is studied, which permits us to solve the problems taking advantage of the corresponding graphical representations. The corresponding generalizations for the case of n decision variables follow. The general case of several of such constraints is also presented. All the specific solution methods obtained are based on the chance constrained method. Each of the cases is illustrated with an example taken from Economics.

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Paper provided by FEDEA in its series Working Papers with number 2009-05.

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Date of creation: Jan 2009
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Handle: RePEc:fda:fdaddt:2009-05

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  1. Caballero, Rafael & Cerda, Emilio & del Mar Munoz, Maria & Rey, Lourdes, 2004. "Stochastic approach versus multiobjective approach for obtaining efficient solutions in stochastic multiobjective programming problems," European Journal of Operational Research, Elsevier, vol. 158(3), pages 633-648, November. [Downloadable!] (restricted)
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  2. R. Caballero & E. Cerda & M. Muñoz & L. Rey, 2002. "Analysis and comparisons of some solution concepts for stochastic programming problems," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer, vol. 10(1), pages 101-123, June. [Downloadable!] (restricted)
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This page was last updated on 2009-11-29.


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