The Decision Rule Approach to Optimisation under Uncertainty : Methodology and Applications in Operations Management

@inproceedings{Georghiou2011TheDR,
  title={The Decision Rule Approach to Optimisation under Uncertainty : Methodology and Applications in Operations Management},
  author={Angelos Georghiou and Wolfram Wiesemann and Daniel Kuhn},
  year={2011}
}
Decision-making under uncertainty has a long and distinguished history in operations research. However, most of the existing solution techniques suffer from the curse of dimensionality, which restricts their application to small and medium-sized problems, or they rely on simplifying modelling assumptions (e.g. absence of recourse actions). Recently, a new solution technique has been proposed, which we refer to as the decision rule approach. By approximating the feasible region of the decision… CONTINUE READING

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