Define multiperiod model

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Define multiperiod model

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In the multi-period model, a multi-period preparation horizon is used to allow for the precise scheduling of supplies and output. Main and recovery portfolios are defined concurrently and stochastic mixed integer programming models are established for all combined decision-making strategies.

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