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Author: | Liu, B. Iwamura, K. |
Title: | Modelling stochastic decision systems using dependent-chance programming |
Journal: | European Journal of Operational Research
1997 : AUG 16, VOL. 101:1, p. 193-203 |
Index terms: | MODELS DECISION SUPPORT SYSTEMS GOAL PROGRAMMING |
Language: | eng |
Abstract: | This paper further discusses the techniques of dependent-chance programming, dependent-chance multiobjective programming and dependent-chance goal programming. Some illustrative examples are provided to show how to model complex stochastic decision systems by using dependent-chance programming and how to solve these models by employing a Monte Carlo simulation based genetic algorithm. Management decisions are usually made in uncertain environments. |
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