Decisions are made in two steps. First, a "here-and-now" decision is made before the uncertainty is revealed. Second, a "wait-and-see" recourse decision is made after the random event occurs to correct or mitigate errors.
The most prominent technique for two-stage problems is . Its core insight is to separate the "first-stage" (here-and-now) decisions from the "second-stage" (wait-and-see) decisions. shapiro a lectures on stochastic programming cracked
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Do you need this book for or for coding practical models ? shapiro a lectures on stochastic programming cracked