Accelerated sample average approximation method for two-stage stochastic programming with binary first-stage variables

•An accelerated solution method is proposed to solve the two-stage stochastic program.•The method improves the main structure of the sample average approximation algorithm.•The computational process is significantly accelerated to solve real-sized problems.•The relative optimality gaps are significa...

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Bibliographic Details
Published in:	Applied Mathematical Modelling Vol. 41; pp. 582 - 595
Main Authors:	Mohammadi Bidhandi, Hadi, Patrick, Jonathan
Format:	Journal Article
Language:	English
Published:	New York Elsevier Inc 01.01.2017 Elsevier BV
Subjects:	Approximation Benders decomposition Continuity (mathematics) Integer programming Mixed integer Mixed integer linear programming Sample average approximation Stochastic models Stochastic programming Studies Supply chain network design Supply chains Two-stage stochastic programming Benders’ decomposition Supply chain network design Mixed integer linear programming Two-stage stochastic programming Sample average approximation
ISSN:	0307-904X, 1088-8691, 0307-904X
Online Access:	Get full text
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