Mathematical Methods for Optimization
In the context of two-stage stochastic programs, 'y' typically represents the decision variables that are determined in the first stage of the decision-making process. These variables are selected before the uncertainty in future events is revealed, and they serve to establish a foundation for the subsequent decisions made in the second stage once the uncertain parameters are known. The proper selection of 'y' is crucial as it impacts the overall outcome of the optimization problem.
congrats on reading the definition of y. now let's actually learn it.