Conference Agenda

Session
TE 02: Semiplenary Wallace
Time:
Thursday, 05/Sept/2024:
4:00pm - 5:00pm

Session Chair: Gudrun Kiesmüller
Location: Theresianum 0602
Room Location at NavigaTUM


Presentations

Modeling with Stochastic Programming

W. Wallace Stein

NHH Bergen, Norway

There are many deep papers on the mathematics and algorithmics of stochastic programming. But why should we, as operations research people, care? The world is stochastic for sure, but does that imply that we need stochastic models to get good decisions? And if we embark on a genuine application, where real money is involved, what are the modeling questions we need to pose? What are the steps we need to take before we arrive at mathematical and algorithmic challenges?