A Multicut Algorithm for Two-Stage Stochastic Linear Programs.
Abstract
Outer linearization methods, such as Van Slyke and Wets's L-shaped method for stochastic linear programs, generally apply a single cut on the nonlinear objective at each major iteration. The structure of stochastic programs allows for several cuts to be placed at once. This paper describes a multicut algorithm to carry out this procedure. It presents experimental and theoretical justification for reductions in major iterations. Keywords: Operations research.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1986
- Accession Number
- ADA186148
Entities
People
- Francois V. Louveaux
- John R. Birge
Organizations
- University of Michigan