Stochastic Programming: Applications in Finance, Energy, Planning and Logistics: Innovation Lessons from Industry Leaders: 2nd Edition: 4

“Methodological advancements in stochastic programming, coupled with modern computational capabilities, now provide invaluable toolsets for addressing complex decision problems under uncertainty. This volume showcases state-of-the-art models and solution methods for a range of practical applications. It is a highly recommended and valuable reference for researchers and practitioners alike.” — Hercules Vladimirou, Professor of Management Science, Chairman, Department of Public and Business Administration, University of Cyprus

“Like its predecessor volumes, this conference proceedings is an up-to-date record of the current status of the maturing field of stochastic programming. Its advance is supported here by articles which report on practical applications in finance, production, logistics, energy and telecommunications. The result is a current and invaluable collection for both academics and practitioners which will stimulate further widening of this important field.” —M A H Dempster, Professor Emeritus, Center for Financial Research, Department of Pure Mathematics and Statistics, University of Cambridge & Cambridge Systems Associates Limited, Cambridge UK

Building on the success of the first edition, this book elaborates on the business transformation, customer centricity and the open innovation strategy needed to realize the next level of growth. The first edition is revised extensively, with focus placed on the organizational drivers needed to shift to the knowledge ambition, the lateral organization and the implementation of intelligent business strategies.

The second edition also reprises the stories of companies that master innovation by employing a distinctive strategy and leadership. Examples are taken from Janssen Pharmaceutical Companies of Johnson & Johnson, Royal DSM, High Tech Campus Eindhoven and Newtricious, and reveal how to create and sustain an organization that drives business innovation. Fundamentally, it is a story of the process of regenerating the business strategy and dedicated, even persistent, sustained leveraging of core competencies. Attention is also devoted to how the knowledge enterprise is now guiding approaches to customer engagement, open innovation, orchestration, teamwork and design of the lateral organizational.