I. Need for Stochastic Programming ProblemLinear programming (LP) constitutes a set of Mathematical Methods specially designed for the modeling of certain kinds of constrained optimization problems. LP problems deal with the optimization of a function which consists of many decision variables. The coefficients and the decision variables of optimization function of a LP model are known in advance. However, for many actual problems, the decision variables may not be known accurately for a variety of reasons. The fundamental reason is that the decision variables may represent information about the future (e.g. product demand or price for a future time period) and simply cannot be known with certainty. So we can apply SLPP. SLPP deals with situations where some or all of the parameters of the optimization problem are described by stochastic (or random or probabilities) variables rather than by deterministic quantities. This paper attempts to find an optimal solution for the following problem. (11) is the group of women either working together or living in the neighbourhood, engaged in similar line of activity ranging from 12-20 members. The disabled persons are allowing to this group, the group shall not consist of more than one member from the same family and a person should not be a member of more than one group. These groups should operate a group account preferably in their service area bank branch and the group should develop financial management norms covering the loan sanction procedure, repayment schedule and interest rates. The group should maintain simple basic records such as Minutes book, Attendance register Loan ledger, General ledger, Cash book, Bank passbook and individual passbooks. The members in the group meetings should take all the loaning decisions through a participatory decision making process. The group should be able to enhance priorities for the loan applications, fix repayment schedules, fix appropriate rate of interest for the loans advanced and closely monitor the repayment of the loan installments from the borrower.
Optimization Problem dealing with SHG SHG
II. Details of the ProblemAccording to 2001 Census the total population of the study area was 68,263 which are spread over 146 sq.km. The Density of population per Sq.km is 266. Among 68,263 populations, 33,774 belong to male and 34,489 belong to female. The sexratio of this block is 1,021. The concerned details of population status in Tuticorin Block is shown in
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