Multi-horizon stochastic programming

• Published in: Computational management science Vol. 11; no. 1-2; pp. 179 - 193
• Main Authors: Kaut, Michal, Midthun, Kjetil T., Werner, Adrian S., Tomasgard, Asgeir, Hellemo, Lars, Fodstad, Marte
• Format: Journal Article
• Language: English
• Published: Berlin/Heidelberg Springer Berlin Heidelberg 01.01.2014; Springer Nature B.V
• Subjects: Business and Management; Infrastructure; Mathematical models; Meat industry; Multistage; Natural resource management; Operations research; Operations Research/Decision Theory; Optimization; Original Paper; Probability theory; Profitability; Programming; Stochastic models; Studies; Trees; Uncertainty; Norway; Multistage; Scenario tree construction; Energy planning; Stochastic programming

Infrastructure-planning models are challenging because of their combination of different time scales: while planning and building the infrastructure involves strategic decisions with time horizons of many years, one needs an operational time scale to get a proper picture of the infrastructure’s perf...