A survey of adjustable robust optimization
dc.contributor.author | Yanıkoğlu, İhsan | |
dc.contributor.author | Gorissen, B. L. | |
dc.contributor.author | Hertog, D. den | |
dc.date.accessioned | 2020-06-30T13:30:32Z | |
dc.date.available | 2020-06-30T13:30:32Z | |
dc.date.issued | 2019-09 | |
dc.identifier.issn | 0377-2217 | en_US |
dc.identifier.uri | http://hdl.handle.net/10679/6672 | |
dc.identifier.uri | https://www.sciencedirect.com/science/article/abs/pii/S0377221718307264 | |
dc.description.abstract | Static robust optimization (RO) is a methodology to solve mathematical optimization problems with uncertain data. The objective of static RO is to find solutions that are immune to all perturbations of the data in a so-called uncertainty set. RO is popular because it is a computationally tractable methodology and has a wide range of applications in practice. Adjustable robust optimization (ARO), on the other hand, is a branch of RO where some of the decision variables can be adjusted after some portion of the uncertain data reveals itself. ARO generally yields a better objective function value than that in static robust optimization because it gives rise to more flexible adjustable (or wait-and-see) decisions. Additionally, ARO also has many real life applications and is a computationally tractable methodology for many parameterized adjustable decision variables and uncertainty sets. This paper surveys the state-of-the-art literature on applications and theoretical/methodological aspects of ARO. Moreover, it provides a tutorial and a road map to guide researchers and practitioners on how to apply ARO methods, as well as, the advantages and limitations of the associated methods. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Elsevier | en_US |
dc.relation.ispartof | European Journal of Operational Research | |
dc.rights | restrictedAccess | |
dc.title | A survey of adjustable robust optimization | en_US |
dc.type | Review | en_US |
dc.publicationstatus | Published | en_US |
dc.contributor.department | Özyeğin University | |
dc.contributor.authorID | (ORCID 0000-0002-7216-4739 & YÖK ID 234526) Yanıkoğlu, İhsan | |
dc.contributor.ozuauthor | Yanıkoğlu, İhsan | |
dc.identifier.volume | 277 | en_US |
dc.identifier.issue | 3 | en_US |
dc.identifier.startpage | 799 | en_US |
dc.identifier.endpage | 813 | en_US |
dc.identifier.wos | WOS:000468721200001 | |
dc.identifier.doi | 10.1016/j.ejor.2018.08.031 | en_US |
dc.subject.keywords | Semi-infinite programming | en_US |
dc.subject.keywords | Robust optimization | en_US |
dc.subject.keywords | Adjustable robust optimization | en_US |
dc.subject.keywords | Multistage decision making | en_US |
dc.identifier.scopus | SCOPUS:2-s2.0-85053850492 | |
dc.contributor.authorMale | 1 | |
dc.relation.publicationcategory | Review - Institutional Academic Staff |
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