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Essays On Stochastic Programming In Service Operations Management, Sina Faridimehr Jan 2017

Essays On Stochastic Programming In Service Operations Management, Sina Faridimehr

Wayne State University Dissertations

Deterministic mathematical modeling is a branch of optimization that deals with decision making in real-world problems. While deterministic models assume that data and parameters are known, these numbers are often unknown in the real world applications.The presence of uncertainty in decision making can make the optimal solution of a deterministic model infeasible or sub-optimal.

On the other hand, stochastic programming approach assumes that parameters and coe¬Āfficients are unknown and only their probability distribution can be estimated. Although stochastic programming could include uncertainties in objective function and/or constraints, we only study problems that the goal of stochastic programming ...