| Article ID: | iaor19942464 |
| Country: | Germany |
| Volume: | 39 |
| Start Page Number: | 93 |
| End Page Number: | 122 |
| Publication Date: | Sep 1994 |
| Journal: | Mathematical Methods of Operations Research (Heidelberg) |
| Authors: | Frauendorfer K. |
The paper considers convex stochastic multistage problems and presents an approximation technique which allows analysis of the error with respect to time. The technique is based on barycentric approximation of conditional and marginal probability spaces and requires