Two-Stage Stochastic LP Formulation: A Farming Example

[mohammadrezasalehizadeh]

The best stochastic optimization video that I have ever watch. Thaks Dr. Sergiy.

[navidmohammadzadeh]

Sergiy, I have found this video very useful to find an intuition about two-stage stochastic linear programming. Appreciate your time in recording this invaluable video.

[arthurpereira]

Great video! Helped me a lot! Congratulations

[hanabenrabah]

Great explanation! to the two stage stochastic optimization, thank you so much.

[greenital]

Thanks for the summary, very clear and useful

[tomdapchai]

thanks, pretty helpful, but would be better if you turn on auto caption or something as my English listening isn't too good, I had to replay multiples time at some point in the video the figure out what you was explaining.

[tanvirkaisar]

thanks for the great video! I have a question, let's say after the first stage, we observe the weather to be not a part of either of three scenarios (for example yield is 40% less), in that case, what would be our response?

[lucycoleclough]

Hey there, if the probability mass is not even can one replace the weighting in the optimisation function to account for this, e.g. { 2/5, 1/5, 2/5}?

[ameikala]

I really thank you for the video and the explication. I have a question about the deterministic model. Currently, p3 and p4 can exist simultaneously, there are no binary variables (and respective constraints) that guarantee that if p3 take a value, then p4 must be cero, and vice versa.