Accession Number:

AD0613618

Title:

USE OF THE 'EXPECTED VALUE SOLUTION' IN LINEAR PROGRAMMING UNDER UNCERTAINTY,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1960-03-11

Pagination or Media Count:

16.0

Abstract:

The use of two methods in the one-stage stochastic linear program is discussed 1 replacing the random elements by their expected values the expected-value solution and 2 replacing the random elements by pessimistic estimates of their values the fat technique. The one-stage problem and the two-stage problem are described, and the relation between the fat techniques used in the one-stage problem and the so-called slack techniques useful in the two-stage problem is demonstrated.

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Distribution Statement:

APPROVED FOR PUBLIC RELEASE