Optimization of Chemical Processes Under Uncertainty

Robustness-based portfolio optimization under epistemic uncertainty

In this paper, we propose formulations and algorithms for robust portfolio optimization under both aleatory uncertainty (i.e., natural variability) and epistemic uncertainty (i.e., imprecise probabilistic information) arising from interval data. Epistemic uncertainty is represented using two approaches: (1) moment bounding approach and (2) likelihood-based approach. This paper first proposes a ...

Vanadium extraction from a magnetite ore using alkaline roasting and acid leaching processes: optimization of parameters by response surface methodology

In this work, thealkaline roasting and sulfuric acid leaching processes were employed to extract vanadium from the magnetite ore of Saghand mine in central Iran. The response surface methodology based on the central composite design model was applied to optimize the parameters involved in the processes. The studied roasting parameters were temperature (900-1100 °C), sodium carbonate percentage ...

A Robust Optimization Methodology for Multi-objective Location-transportation Problem in Disaster Response Phase under Uncertainty

This paper presents a multi-objective model for location-transportation problem under uncertainty that has been developed to respond to crisis. In the proposed model, humanitarian aid distribution centers (HADC), the number and location of them, the amount of relief goods stored in distribution centers, the amount of relief goods sent to the disaster zone, the number of injured people transferr...

Developing Adaptive Differential Evolution as a New Evolutionary Algorithm, Application in Optimization of Chemical Processes

Robust production scheduling in open-pit mining under uncertainty: a box counterpart approach

Open-Pit Production Scheduling (OPPS) problem focuses on determining a block sequencing and scheduling to maximize Net Present Value (NPV) of the venture under constraints. The scheduling model is critically sensitive to the economic value volatility of block, block weight, and operational capacity. In order to deal with the OPPS uncertainties, various approaches can be recommended. Robust opti...