Many Optimization problems in engineering and economic involve the challenging task of pondering both conflicting goals and random data. In this paper, we give an up-to-date overview of how important ...

Abstract: The stochastic nature of renewable energy sources has increased the need for intraday trading in electricity markets. Intradaymarkets provide the possibility to the market participants to ...

This study proposes a two-stage stochastic programming model of a transportation network with arc capacities. Our objective is to transport a supply of raw materials from one location (node) to ...

† Department of Chemical Engineering, Texas A&M University, 3122 TAMU, College Station, Texas 77843, United States ‡ Mary Kay O’Connor Process Safety Center, Texas A&M University, 3122 TAMU, College ...

Professor Ruszczynski’s interests are in the theory, numerical methods and applications of stochastic optimization. He is author of "Nonlinear Optimization", "Lectures on Stochastic programming", and ...

Stochastic linear program for investments in the European power system. To cite this Original Software Publication: https://www.sciencedirect.com/science/article/pii ...

conflicting goals and random data. In this paper, we give an up-to-date overview of how important ideas from optimization, probability theory and multicriteria decision analysis are interwoven to ...