Robust Discrete Optimization and Its Applications (Paperback, Softcover reprint of hardcover 1st ed. 1997)

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.

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Series:	Nonconvex Optimization and Its Applications, 14
Release date:	December 2010
First published:	1997
Authors:	Panos Kouvelis • Gang Yu
Dimensions:	235 x 155 x 19mm (L x W x T)
Format:	Paperback
Pages:	358
Edition:	Softcover reprint of hardcover 1st ed. 1997
ISBN-13:	978-1-4419-4764-2
Categories:	Books > Science & Mathematics > Mathematics > Numerical analysis Books > Business & Economics > Business & management > Management & management techniques > Operational research Books > Business & Economics > Business & management > Management of specific areas > General Books > Science & Mathematics > Mathematics > Optimization > General
LSN:	1-4419-4764-7
Barcode:	9781441947642

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