A practical guide to robust optimization

Bram Gorissen, Ihsan Yanikoglu, Dick den Hertog

Research output: Contribution to journalArticleScientificpeer-review

193 Citations (Scopus)

Abstract

Robust optimization is a young and active research field that has been mainly developed in the last 15 years. Robust optimization is very useful for practice, since it is tailored to the information at hand, and it leads to computationally tractable formulations. It is therefore remarkable that real-life applications of robust optimization are still lagging behind; there is much more potential for real-life applications than has been exploited hitherto. The aim of this paper is to help practitioners to understand robust optimization and to successfully apply it in practice. We provide a brief introduction to robust optimization, and also describe important do׳s and don׳ts for using it in practice. We use many small examples to illustrate our discussions.
Original languageEnglish
Pages (from-to)124-137
Number of pages14
JournalOmega: The international journal of management science
Volume53
DOIs
Publication statusPublished - Jun 2015

Keywords

  • robust optimization
  • adjustable robust optimization

Fingerprint Dive into the research topics of 'A practical guide to robust optimization'. Together they form a unique fingerprint.

Cite this