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- W2772594275 abstract "Distributionally robust optimization (DRO) is an emerging and effective method to address the inexactness of probability distributions of uncertain parameters in decision-making under uncertainty. We propose an effective DRO framework for planning and scheduling under demand uncertainties. A novel data-driven approach is proposed to construct ambiguity sets based on principal component analysis and first-order deviation functions, which help excavating accurate and useful information from uncertainty data. Moreover, it leads to mixed-integer linear reformulations of planning and scheduling problems. To account for the multi-stage sequential decision-making structure in process operations, we further develop multi-stage DRO models and adopt affine decision rules to address the computational issue. Applications in industrial-scale process network planning and batch process scheduling demonstrate that, the proposed DRO approach can effectively leverage uncertainty data information, better hedge against distributional ambiguity, and yield more profits." @default.
- W2772594275 created "2017-12-22" @default.
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- W2772594275 date "2018-02-01" @default.
- W2772594275 modified "2023-10-06" @default.
- W2772594275 title "Distributionally robust optimization for planning and scheduling under uncertainty" @default.
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- W2772594275 doi "https://doi.org/10.1016/j.compchemeng.2017.12.002" @default.
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