Response Surface Analysis of Two-Stage Stochastic Linear Programming with Recourse.
Abstract
This research investigates a special class of stochastic linear programs known as two-stage stochastic linear programming with relatively complete and fixed recourse. These models characterize a two-phase process where the first- stage decision (itself subject to a separate set of first-stage linear constraints) allocates a set of resources to the second-stage linear program prior to the realization of random variables affecting second-stage resource availability. Since the second-stage decision deterministically follows both first-stage allocation and random variable realization, the first-stage variables constitute the only true decision. The expected cost of the two-stage recourse problem is also a piecewise convex function of the first-stage decision variables, thus allowing a global optimal solution that minimizes the total expected cost.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 23, 1995
- Accession Number
- ADA308904
Entities
People
- Thomas G. Bailey
Organizations
- Air Force Institute of Technology