Albert Aguadé Borrull
Published: 2009
Total Pages:
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This project will study the model of Frozen Concentrated Orange Juice (FCOJ) by [10] from a stochastic point of view. A review of the literature around stochastic processes, stochastic linear problems and two-stage stochastic linear problems is done. EVPI and VSS as most important numerical tools to evaluate stochastic linear systems are studied. The problem of FCOJ is explained, before being modi ed to allow stochastic demand. Several cases with di erent data are solved and their results are discussed, turning out that FCOJ problem behaves fairly well under stochastic demand.