Stochastic Programming

Stochastic Programming is the science that provides us with tools to design and control stochastic systems with the aid of mathematical programming techniques. It is on the border line of statistics and mathematical programming. This book is a comprehensive introduction to the field and its basic mathematical tools. While its mathematics is of high level, the developed models offer powerful applications, demonstrated by a large number of examples. The presented material ranges from basic linear programming to algorithmic solutions of sophisticated system problems and applications in water resources and power systems, ship manufacturing, inventory control, etc.
Students and researchers in operations research, mathematics, statistics, various fields of engineering, economics, insurance, finance, biology and environmental protection may find the book a useful aid to study and solving practical and theoretical problems.