A Practical Guide to Robust Optimization

DOI10.1016/J.OMEGA.2014.12.006MaRDI QIDQ6258053zbMATH OpenFDO

Authors Bram L. Gorissen, İhsan Yanıkoğlu, D. Den Hertog

Publication date 12 January 2015

Full work available at URL https://doi.org/10.1016/J.OMEGA.2014.12.006

Linear programming (90C05) Nonlinear programming (90C30)

Abstract: Robust optimization is a young and active research field that has been mainly developed in the last 15 years. Robust optimization is very useful for practice, since it is tailored to the information at hand, and it leads to computationally tractable formulations. It is therefore remarkable that real-life applications of robust optimization are still lagging behind; there is much more potential for real-life applications than has been exploited hitherto. The aim of this paper is to help practitioners to understand robust optimization and to successfully apply it in practice. We provide a brief introduction to robust optimization, and also describe important do's and don'ts for using it in practice. We use many small examples to illustrate our discussions.

This page was built for publication: A Practical Guide to Robust Optimization

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6258053)