Stochastic Optimization Methods: Applications in Engineering and Operations Research (by Kurt Marti)


Author(s): Kurt Marti

Publisher: Springer
Publish date: 2015-02-21
ISBN-10: 3662462133
ISBN-13: 9783662462133
Language: English
Description:
This book examines optimization problems that in practice involve
random model parameters. It details the computation of robust
optimal solutions, i.e., optimal solutions that are insensitive
with respect to random parameter variations, where appropriate
deterministic substitute problems are needed. Based on the
probability distribution of the random data and using decision
theoretical concepts, optimization problems under stochastic
uncertainty are converted into appropriate deterministic
substitute problems.
Due to the probabilities and expectations involved, the book also
shows how to apply approximative solution… more…

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