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Stochastic programming 1 correlations 1 flexibility 1 robustness 1 service network design 1 solution structure 1
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CRAINIC, TEODOR GABRIEL 1 LIUM, ARNT-GUNNAR 1 WALLACE, STEIN W. 1
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Asia-Pacific Journal of Operational Research (APJOR) 1
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CORRELATIONS IN STOCHASTIC PROGRAMMING: A CASE FROM STOCHASTIC SERVICE NETWORK DESIGN
LIUM, ARNT-GUNNAR; CRAINIC, TEODOR GABRIEL; WALLACE, … - In: Asia-Pacific Journal of Operational Research (APJOR) 24 (2007) 02, pp. 161-179
Deterministic models, even if used repeatedly, will not capture the essence of planning in an uncertain world. Flexibility and robustness can only be properly valued in models that use stochastics explicitly, such as stochastic optimization models. However, it may also be very important to...
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