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There should be a stochastic formulation by which one can explore future cargo transport demand.
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It used von Neumann Mullins law and the results of Rios and Glicksman, but was based on a stochastic formulation first proposed by Pande.
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The approach is demonstrated on two compliant mechanism design problems where robust design is achieved by employing either a worst case formulation or a stochastic formulation.
This line of reasoning has led to a stochastic formulation of the QSSA which is in widespread use.
In this paper, a stochastic formulation of three-dimensional grain growth is presented.
A stochastic formulation based on the two-stage programming approach was then proposed to assure more realistic results.
To account for such expectation, the gross-profit-per-day objective must have a stochastic formulation to incorporate future transport demand as what has been mentioned earlier.
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It is a stochastic parameter.
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