“…The nested distance is employed in multistage stochastic programming to describe the quality of an approximation. Multistage stochastic programming has applications in many sectors, e.g., the financial sector (Edirisinghe [10], Brodt [6]), in management science or in energy economics (Analui and Pflug [1], Beltrán et al [3], Carpentier et al [7,8]). The prices, demands, etc., are often modeled as a stochastic process 𝜉 = (𝜉 0 , .…”