Question: 1.State clearly explain the difference between chance-constrained programming and two stage stochastic with recourse, using the following dimensions: (i) Concept of the formulation. (ii) Difficulty

1.State clearly explain the difference between chance-constrained programming and two stage stochastic with recourse, using the following dimensions:

(i) Concept of the formulation.

(ii) Difficulty of solving.

(iii) Interpretation of the solutions.

For each dimension provide clear justifications for

your claims.

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