Models for planning capacity expansion of convenience stores under uncertain demand and the value of information

DOI10.1007/BF02031742zbMath0836.90107MaRDI QIDQ1904671

Janet M. Wagner, Oded Berman

Publication date: 7 January 1996

Published in: Annals of Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf02031742

zbMATH Keywords

stochastic optimization; capacity expansion; measures of the value of information

Mathematics Subject Classification ID

90C90: Applications of mathematical programming

90C15: Stochastic programming

90B50: Management decision making, including multiple objectives

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Uses Software

• GAMS

Cites Work

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• The value of the stochastic solution in stochastic linear programs with fixed recourse
• A Stopping Rule for Forecasting Horizons in Nonhomogeneous Markov Decision Processes
• A stochastic optimization model for planning capacity expansion in a service industry under uncertain demand
• Convex Analysis