“…By increasing the number of cells n, we can ensure that the conditional Jensen and EM bounds, as well as the solutions v * (n), converge to their counterparts for problem (9). Development of this sequential approximation method using the Jensen and EM bounds begins with Huang, Ziemba, and Ben-Tal [21], and adaptive schemes for forming the cell-based partition of the support are described, for example, by [8,14,16,23]. Table 1 also shows the computation time required to solve instances of model (21) for n = 10, 000 i.i.d.…”