Stochastic Programming and Decision Analysis: An Apparent Dilemma

Roger A. Blau
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Roger A. Blau: University of North Carolina

Management Science, 1974, vol. 21, issue 3, 271-276

Abstract: An example is given which demonstrates that using a decision theory analysis for the basic chance-constrained model of stochastic linear programming may lead to an apparent dilemma, namely, 0 > EVSI > EVPI. The problem is discussed and a resolution suggested.

Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:21:y:1974:i:3:p:271-276

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