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Mathematics Statistical Aspects of the Microbiological Examination of Foods, Second Edition (Progress in Industrial Microbiology)
Posted on 2010-04-12
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More Statistical Aspects of the Microbiological Examination of Foods, Second Edition (Progress in Industrial Microbiology) Two-stage stochastic optimization is a useful tool for making optimal decisions under uncertainty. Frederike Neise describes two concepts to handle the classic linear mixed-integer two-stage stochastic optimization problem: The well-known mean-risk modeling, which aims at finding a best solution in terms of expected costs and risk measures, and stochastic programming with first order dominance constraints that heads towards a decision dominating a given cost benchmark and optimizing an additional objective. For this new class of stochastic optimization problems results on structure and stability are proven. Moreover, the author develops equivalent deterministic formulations of the problem, which are efficiently solved by the presented dual decomposition method based on Lagrangian relaxation and branch- and-bound techniques. Finally, both approaches - mean-risk optimization and dominance constrained programming - are applied to find an optimal operation schedule for a dispersed generation system, a problem from energy industry that is substantially influenced by uncertainty.
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