Recently, a new approach for optimization of conditional value-at-risk (CVAR) was suggested and tested with several applications. For continuous distributions, CVAR is defined as the expected loss ...

For many decision-making problems under uncertainty, it is crucial to develop risk-averse models and specify the decision makers' risk preferences based on multiple stochastic performance measures (or ...

In this paper we consider ambiguous stochastic constraints under partial information consisting of means and dispersion measures of the underlying random parameters. Whereas the past literature used ...

Abstract: The copper removal process (CRP) aims to reduce the copper ion concentration in zinc sulphate solution to a specific range by zinc addition. The satisfaction of production constraints and ...

Business guru Eliyahu M. Goldratt, in his 1984 book The Goal, presents a paradigm shift in management philosophy with the Theory of Constraints. This theory views any manageable system as constrained ...