Two-stage likelihood robust linear program with application to water allocation under uncertainty

David Love, Guzin Bayraksan
<span title="">2013</span> <i title="IEEE"> <a target="_blank" rel="noopener" href="https://fatcat.wiki/container/7n2gtrr2tzevzonkaymviwxhsa" style="color: black;">2013 Winter Simulations Conference (WSC)</a> </i> &nbsp;
We adapt and extend the likelihood robust optimization method recently proposed by Wang, Glynn, and Ye for the newsvendor problem to a more general two-stage setting. We examine the value of collecting additional data and the cost of finding a solution robust to an ambiguous probability distribution. A decomposition-based solution algorithm to solve the resulting model is given. We apply the model to examine a long-term water allocation problem in the southeast area of Tucson, AZ under
more &raquo; ... distribution of future available supply and demand and present computational results.
<span class="external-identifiers"> <a target="_blank" rel="external noopener noreferrer" href="https://doi.org/10.1109/wsc.2013.6721409">doi:10.1109/wsc.2013.6721409</a> <a target="_blank" rel="external noopener" href="https://dblp.org/rec/conf/wsc/LoveB13.html">dblp:conf/wsc/LoveB13</a> <a target="_blank" rel="external noopener" href="https://fatcat.wiki/release/qc5utyrc5ze7bltqx2lnqlfivq">fatcat:qc5utyrc5ze7bltqx2lnqlfivq</a> </span>
<a target="_blank" rel="noopener" href="https://web.archive.org/web/20150316113050/http://informs-sim.org/wsc13papers/includes/files/007.pdf" title="fulltext PDF download" data-goatcounter-click="serp-fulltext" data-goatcounter-title="serp-fulltext"> <button class="ui simple right pointing dropdown compact black labeled icon button serp-button"> <i class="icon ia-icon"></i> Web Archive [PDF] <div class="menu fulltext-thumbnail"> <img src="https://blobs.fatcat.wiki/thumbnail/pdf/a0/d1/a0d1c7cb8f4d9f6394c616a8c460d99d4ae21703.180px.jpg" alt="fulltext thumbnail" loading="lazy"> </div> </button> </a> <a target="_blank" rel="external noopener noreferrer" href="https://doi.org/10.1109/wsc.2013.6721409"> <button class="ui left aligned compact blue labeled icon button serp-button"> <i class="external alternate icon"></i> ieee.com </button> </a>