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- W79388711 abstract "We consider the stochastic programming problem with recourse in which the expectation of the recourse function requires a large number of function evaluations, and its application to the capacity expansion problem. We propose an algorithm which combines an L-shaped method and a Monte Carlo method. The importance sampling technique is applied to obtain variance reduction. In the previous approach, the recourse function is approximated as an additive form in which the function is separable in the components of the stochastic vector. In our approach, the approximate additive form of the recourse function is perturbed to define the new density function. Numerical results for the capacity expansion problem are presented." @default.
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- W79388711 date "2009-11-20" @default.
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- W79388711 title "Capacity Expansion Problem by Monte Carlo Sampling Method" @default.
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- W79388711 doi "https://doi.org/10.20965/jaciii.2009.p0697" @default.
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