Comparison of multistage stochastic programs with recourse and stochastic dynamic programs with discrete time

0410858 20240103182244.320060210235959.9 Comparison of multistage stochastic programs with recourse and stochastic dynamic programs with discrete time 13 s. cav_un_epca*02577150044-2267ZAMM-Zeitschrift fur Angewandte Mathematik und Mechanik82753-765Wiley multistage stochastic programs with recourse dynamic programming Markov decision processes cav_un_auth*0212729 Dupačová J. CZ cav_un_auth*0101196 Sladký Karel UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. 12A 12B GA201/99/0264 GA ČR cav_un_auth*0005937 GA402/99/1136 GA ČR cav_un_auth*0009183 113200008 GA MŠk cav_un_auth*0212931 CEZ:AV0Z1075907 When solving a dynamic decision problem under uncertainty it is essential to choose or to build a suitable model taking into account the nature of the real-life problem, character of input data, availability of software and computer technology. The purpose of this paper is to discuss similarities and differences of two candidate approaches connected with discrete time decision processes and with uncertainties of probabilistic nature. BB E http://hdl.handle.net/11104/0130945 UTIA-B 20020072 2002 cav_un_epca*0257715 ZAMM-Zeitschrift fur Angewandte Mathematik und Mechanik 0044-2267 1521-4001 Roč. 82 11/12 2002 753 765 Wiley