Academic Catalog

IE560 STOCHASTIC PROGRAMMING

Course Code: 5680560
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 8.0
Department: Industrial Engineering
Language of Instruction: English
Level of Study: Graduate
Course Coordinator: Assist.Prof.Dr SAKNE BATUN
Offered Semester: Spring Semesters.

Course Content

Introduction to modeling under uncertainty. Basic properties of two-stage stochastic linear programs. Stage-wise and scenario-wise decomposition methods for solving two-stage stochastic linear programs. Value of capturing uncertainty. Chance-constrained stochastic programs. Multi-stage stochastic linear programs. Stochastic integer programs. Bounding and sampling methods.