Recourse Problem at Math Glossary

What is it? A two-stage stochastic optimization problem in which one provides an initial choice, then a random event is revealed, and then one chooses a recourse. For example, an investor may select a stock to purchase, then observe the stock price for a period of ti

Mathematical Term Added By: Lily

Send To Friends!

If you'd like to send the Recourse Problem definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Recourse Problem. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Mathematics Terms:

Math Terms Mixed number is Sum of a whole number greater than zero and a proper fraction:

Math Terms Vector is Quantity that has magnitude (length) and direction. It may be represented as a directed line segment.

Math Terms Maximum (Max) is Largest.

Math Terms focal radius is A line segment from the focus of an ellipse to a point on the perimeter of the ellipse.

Math Terms bacterial flagellar motor is The motor in a cell or bacterium that turns a flagellum, a rigid corkscrew tail that the organism uses to swim.