It takes the average reader 5 hours and 2 minutes to read Multistage Stochastic Optimization by Georg Ch. Pflug
Assuming a reading speed of 250 words per minute. Learn more
Multistage stochastic optimization problems appear in many ways in finance, insurance, energy production and trading, logistics and transportation, among other areas. They describe decision situations under uncertainty and with a longer planning horizon. This book contains a comprehensive treatment of today’s state of the art in multistage stochastic optimization. It covers the mathematical backgrounds of approximation theory as well as numerous practical algorithms and examples for the generation and handling of scenario trees. A special emphasis is put on estimation and bounding of the modeling error using novel distance concepts, on time consistency and the role of model ambiguity in the decision process. An extensive treatment of examples from electricity production, asset liability management and inventory control concludes the book.
Multistage Stochastic Optimization by Georg Ch. Pflug is 301 pages long, and a total of 75,551 words.
This makes it 102% the length of the average book. It also has 92% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 6 hours and 52 minutes to read Multistage Stochastic Optimization aloud.
Multistage Stochastic Optimization is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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