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Adjustable Robust
Optimization Analysis and Application
Aharon Ben-Tal
MINERVA Optimization Center
Technion, Haifa, Israel
We present an extension od the Robust Optimization
(RO) methodology for the solution of multi-stage decision problems
under uncertainty. The new methodology "Affinely Adjustable
RO" is demonstrated by addressing a problem in supply chain
management involving flexible commitment contracts between suppliers
and retailers.
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