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What is Probabilistic Constrained Programming

Encyclopedia of Business Analytics and Optimization
The term probabilistic constrained programming means the same as chance constrained programming, i.e., optimization of a function subject to certain conditions where at least one is formulated so that a condition, involving random variables, should hold with a prescribed probability. The probability is usually not prescribed exactly but a lower bound is given instead which is in practice near certainty (nearly equal to 1). ( Andras Prekopa (1970) AU19: The in-text citation "Andras Prekopa (1970)" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. . On probabilistic constrained programming. Proceedings of the Princeton Symposium on Mathematical Programming. Princeton University Press, Princeton, NJ 1970 AU20: The in-text citation "University Press, Princeton, NJ 1970" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. . pp. 113-138.)
Published in Chapter:
Stochastic Logistics Network Design with Deadlines
Gang Wang (Kean University, USA)
Copyright: © 2014 |Pages: 11
DOI: 10.4018/978-1-4666-5202-6.ch205
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