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• W2946759159 abstract "Adjustable robust optimization (ARO) involves recourse decisions (i.e. reactive actions after the realization of the uncertainty, ‘wait-and-see’) as functions of the uncertainty, typically posed in a two-stage stochastic setting. Solving the general ARO problems is challenging, therefore ways to reduce the computational effort have been proposed, with the most popular being the affine decision rules, where ‘wait-and-see’ decisions are approximated as affine adjustments of the uncertainty. In this work we propose a novel method for the derivation of generalized affine decision rules for linear mixed-integer ARO problems through multi-parametric programming, that lead to the exact and global solution of the ARO problem. The problem is treated as a multi-level programming problem and it is then solved using a novel algorithm for the exact and global solution of multi-level mixed-integer linear programming problems. The main idea behind the proposed approach is to solve the lower optimization level of the ARO problem parametrically, by considering ‘here-and-now’ variables and uncertainties as parameters. This will result in a set of affine decision rules for the ‘wait-and-see’ variables as a function of ‘here-and-now’ variables and uncertainties for their entire feasible space. A set of illustrative numerical examples are provided to demonstrate the potential of the proposed novel approach." @default.
• W2946759159 created "2019-05-29" @default.
• W2946759159 creator A5005967060 @default.
• W2946759159 creator A5062147977 @default.
• W2946759159 date "2019-05-25" @default.
• W2946759159 modified "2023-10-05" @default.
• W2946759159 title "Adjustable robust optimization through multi-parametric programming" @default.
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• W2946759159 doi "https://doi.org/10.1007/s11590-019-01438-5" @default.
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