Necessary Optimality Conditions for two-stage Stochastic Programs with Equilibrium Constraints

Developing first order optimality conditions for a two-stage stochastic mathematical program with equilibrium constraints (SMPEC) whose second stage problem has multiple equilibria/solutions is a challenging undone work. In this paper we take this challenge by considering a general class of two-stage whose equilibrium constraints are represented by a parametric variational inequality (where the first stage … Read more