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Chapter 8: Robust Optimization

Chapter 8: Robust Optimization

pp. 213-238

Authors

, Boston Consulting Group, Amsterdam, , Vrije Universiteit Amsterdam, , University of Amsterdam & ORTEC, , University of Notre Dame, Indiana
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Summary

This chapter introduces robust optimization (RO), where we aim to solve a MILO in which some of the parameters/data can take multiple (possibly infinitely many) values and we want the optimal solution to perform “the best possible,” assuming that the unknown problem parameters can always turn out to be “the worst possible.”

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