Robust Discrete Optimization and Its Applications (Nonconvex Optimization and Its Applications (14), Band 14)

Panos Kouvelis,Gang Yu

ISBN 10: 0792342917 / ISBN 13: 9780792342915

Editore: Springer US, 1996

Riguardo questo articolo

Neu Neuware, Importqualität, auf Lager - This book deals with decision making in environments of significant data un certainty, with particular emphasis on operations and production management applications. For such environments, we suggest the use of the robustness ap proach to decision making, which assumes inadequate knowledge of the decision maker about the random state of nature and develops a decision that hedges against the worst contingency that may arise. The main motivating factors for a decision maker to use the robustness approach are: - It does not ignore uncertainty and takes a proactive step in response to the fact that forecasted values of uncertain parameters will not occur in most environments; - It applies to decisions of unique, non-repetitive nature, which are common in many fast and dynamically changing environments; - It accounts for the risk averse nature of decision makers; and - It recognizes that even though decision environments are fraught with data uncertainties, decisions are evaluated ex post with the realized data. For all of the above reasons, robust decisions are dear to the heart of opera tional decision makers. This book takes a giant first step in presenting decision support tools and solution methods for generating robust decisions in a variety of interesting application environments. Robust Discrete Optimization is a comprehensive mathematical programming framework for robust decision making.

Codice articolo INF1000551776

Dati bibliografici

• Titolo: Robust Discrete Optimization and Its Applications (Nonconvex Optimization and Its Applications (14), Band 14)
• Editore: Springer US
• Data di pubblicazione: 1996
• Lingua: Inglese
• ISBN 10: 0792342917
• ISBN 13: 9780792342915
• Rilegatura: Gebundene Ausgabe
• Condizione: Neu
• Dimensioni: 241 L x 160 A x 25 P (millimetri) 241 millimetri di larghezza per 160 millimetri di altezza per 25 millimetri di profondità
• Peso: 732 grammi

Descrizione articolo

Riassunto

This book deals with decision making in environments of significant data un­ certainty, with particular emphasis on operations and production management applications. For such environments, we suggest the use of the robustness ap­ proach to decision making, which assumes inadequate knowledge of the decision maker about the random state of nature and develops a decision that hedges against the worst contingency that may arise. The main motivating factors for a decision maker to use the robustness approach are: • It does not ignore uncertainty and takes a proactive step in response to the fact that forecasted values of uncertain parameters will not occur in most environments; • It applies to decisions of unique, non-repetitive nature, which are common in many fast and dynamically changing environments; • It accounts for the risk averse nature of decision makers; and • It recognizes that even though decision environments are fraught with data uncertainties, decisions are evaluated ex post with the realized data. For all of the above reasons, robust decisions are dear to the heart of opera­ tional decision makers. This book takes a giant first step in presenting decision support tools and solution methods for generating robust decisions in a variety of interesting application environments. Robust Discrete Optimization is a comprehensive mathematical programming framework for robust decision making.

Recensione

`....I recommend the book, which in large parts is easy to read, as a consistent and interesting entry into the field of robust optimization.'
OR Spektrum, 20:278 (1998)