What refers to Linear Programming that includes an evaluation of relative risks and uncertainties in various alternatives of choice for management decisions ?

LohaHridoy
  1. Probabilistic Programming
  2. Stochastic Programming
  3. Both A and B
  4. Linear Programming

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Answer: Option 3

Probabilistic Programming and Stochastic Programming refers to Linear Programming that includes an evaluation of relative risks and uncertainties in various alternatives of choice for management decisions. Probabilistic programming is a programming paradigm in which probabilistic models are specified and inference for these models is performed automatically. Stochastic Programming. Stochastic programs are mathematical programs where some of the data incorporated into the objective or constraints is uncertain.

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