Stochastic programming can effectively describe many decision-making problems in uncertain environments. Unfortunately, such programs are often computationally demanding to solve. In addition, their ...

This study proposes a two-stage stochastic programming model to plan the transportation of vital first-aid commodities to disaster-affected areas during emergency response. A multi-commodity, ...

We consider optimal consumption and (strategic) asset allocation of an investor with uncertain lifetime. The problem is solved using a multi-stage stochastic linear programming (SLP) model to ...