Stochastic Optimization Methods: Applications in Engineering and Operations Research

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Stochastic Optimization Methods: Applications in Engineering and Operations Research

Kurt Marti, “Stochastic Optimization Methods: Applications in Engineering and Operations Research”
English | ISBN: 3662462133 | 2015 | 368 pages | PDF | 4 MB

This book examines optimization problems that in practice involve random model parameters. It details the computation of robust optimal solutions, i.e., optimal solutions that are insensitive with respect to random parameter variations, where appropriate deterministic substitute problems are needed. Based on the probability distribution of the random data, and using decision theoretical concepts, optimization problems under stochastic uncertainty are converted into appropriate deterministic substitute problems.