EconPapers    
Economics at your fingertips  
 

Restricted Bayes Strategies for Programs with Simple Recourse

Raymond Nadeau and Radu Theodorescu
Additional contact information
Raymond Nadeau: Laval University, Quebec, Canada
Radu Theodorescu: Laval University, Quebec, Canada

Operations Research, 1980, vol. 28, issue 3-part-ii, 777-784

Abstract: When using linear stochastic programs one generally assumes that the joint probability distribution of the random variables involved is known. However, in practice, for example in manpower planning problems, the knowledge of this distribution is incomplete. Consequently this paper presents a linear stochastic program with partial information, where the confidence in this joint probability distribution is expressed by a parameter varying from 0 to 1. Explicit solutions are given for programs with simple recourse.

Date: 1980
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1287/opre.28.3.777 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:28:y:1980:i:3-part-ii:p:777-784

Access Statistics for this article

More articles in Operations Research from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().

 
Page updated 2025-03-19
Handle: RePEc:inm:oropre:v:28:y:1980:i:3-part-ii:p:777-784