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For questions about optimization problems in which one or more parameters are stochastic, with known probability distributions or discrete scenarios. The goal is often, but not always, to minimize or maximize the expected value of the objective function.

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Suppose a perishable item that is associated with a shelf life $m\in \mathcal{M} = \{1,\dots,M\}$. We have a periodic review system with stock level $S$, i.e., based on the inventory level of the item …
asked Mar 19 '21 by Mostafa