## Risk-Averse Multistage Stochastic Programs with Expected Conditional Risk Measures

We study decomposition algorithms for risk-averse multistage stochastic programs with expected conditional risk measures (ECRMs). ECRMs are attractive because they are time-consistent, which means that a plan made today will not be changed in the future if the problem is re-solved given a realization of the random variables. We show that solving risk-averse problems based … Read more