Robust Optimization

A robust optimization model for distribution and evacuation in the disaster response phase

Natural disasters, such as earthquakes, affect thousands of people and can cause enormous financial loss. Therefore, an efficient response immediately following a natural disaster is vital to minimize the aforementioned negative effects. This research paper presents a network design model for humanitarian logistics which will assist in location and allocation decisions for multiple disaster per...

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 ...

Reliability-Based Robust Multi-Objective Optimization of Friction Stir Welding Lap Joint AA1100 Plates

The current paper presents a robust optimum design of friction stir welding (FSW) lap joint AA1100 aluminum alloy sheets using Monte Carlo simulation, NSGA-II and neural network. First, to find the relation between the inputs and outputs a perceptron neural network model was obtained. In this way, results of thirty friction stir welding tests are used for training and testing the neural network...

A Robust Knapsack Based Constrained Portfolio Optimization

Many portfolio optimization problems deal with allocation of assets which carry a relatively high market price. Therefore, it is necessary to determine the integer value of assets when we deal with portfolio optimization. In addition, one of the main concerns with most portfolio optimization is associated with the type of constraints considered in different models. In many cases, the resulted p...

A Robust credibility-based fuzzy programming for supply chain optimization in lean manufacturing environment

Lean manufacturing is a strategic concern for companies which conduct mass production and it has become even more significant for those producing in a project-oriented way by modularization.  In this paper, a bi-objective optimization model is proposed to design and plan a supply chain up to the final assembly centre. The delivery time and the quality in the procurement and low fluctuation of t...

Robust Optimization and Confidence Interval DEA for Efficiency Evaluation with Intervals Case Study: Evaluating CRM Units in a Call Center in Tehran