Modern optimization methods for decision making under risk and uncertainty /
"Uncertainties, risks, and disequilibria are pervasive characteristics of modern socio-economic, technological, and environmental systems involving interactions among various factors in economy, technology and nature. The systems are characterized by interdependencies, discontinuities, endogeno...
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| Other Authors: | , , |
| Format: | eBook |
| Language: | English |
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Boca Raton :
CRC Press, Taylor & Francis Group,
2024.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | "Uncertainties, risks, and disequilibria are pervasive characteristics of modern socio-economic, technological, and environmental systems involving interactions among various factors in economy, technology and nature. The systems are characterized by interdependencies, discontinuities, endogenous risks and thresholds, requiring non-smooth quantile-based performance indicators, goals and constraints for their explaining and planning. The two-stage stochastic optimization with stochastic quasi-gradients enables designing a robust portfolio of interdependent precautionary strategic and adaptive operational decisions making the systems resilient with respect to potential uncertainties and risks"-- |
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| Physical Description: | 1 online resource (viii, 380 pages). |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781003260196 1003260195 9781000983968 100098396X 9781000983920 1000983927 |