Chance-Constrained Models

David L. Olson and Desheng Wu
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David L. Olson: University of Nebraska
Desheng Wu: University of Chinese Academy of Sciences

Chapter 7 in Enterprise Risk Management Models, 2023, pp 89-103 from Springer

Abstract: Abstract Linear programming is a traditional means of optimizing many supply chain decisions. However, linear programming assumes linear relationships, yielding extreme solutions that become risky. Chance constraints are a way to incorporate variance-covariance measures into such optimi9zation models, which this chapter describes and demonstrates.

Date: 2023
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DOI: 10.1007/978-3-662-68038-4_7

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